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Professional payment received, TDS deposited, but work was cancelled
I don't need to chk , revision is allowed that I hv mentioned.
When it is not an expense to payer and it's not income to receipient then need to issue Tds certificate..
Even if it is issued then you can make tds nil
Even if it is issued then you can make tds nil
Regular/ Correction is the word used for Tds filing in 24Q, 26Q, 27Q etc.
Revision is not in the statements..
Orginal and revised returns, these words may be used in Income Tax Return filing & not in Tds return filing..
One has to open the forms .Open RPU of NSDL
Revision is not in the statements..
Orginal and revised returns, these words may be used in Income Tax Return filing & not in Tds return filing..
One has to open the forms .Open RPU of NSDL
Revised return and corrections are made .But it is not advisable .Stick to that.
Revised return option is not there in tds..
Only Regular/ correction these are the two types used in practice..
We can't see revised in Tds filing practically..
Only Regular/ correction these are the two types used in practice..
We can't see revised in Tds filing practically..
Revised return is applicable for IT RETURN.Correction in prescribed forms are applicable in case of tds return.Its advisable to chk twice with base documents and start the filing process.
Thank you. So, Can I reverse the entire amount + TDS amount without depending on client for TDS correction?
| Originally posted by : Mugdha | ||
 |
Thank you. So, Can I reverse the entire amount + TDS amount without depending on client for TDS correction? |  |
Yes. But of course this will only happen in your books, not in the 26AS.
Only the entity depositing the tax (ie the deducted) can make changed in the TDS records with the government.
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