Professional payment received, TDS deposited, but work was cancelled

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28118 Points Joined May 2017
I don't need to chk , revision is allowed that I hv mentioned.
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On 07 March 2022 at 07:59
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CFO
1347 Points Joined March 2020
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
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On 07 March 2022 at 08:00
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CFO- at NHTF
58280 Points Joined August 2012
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
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On 07 March 2022 at 08:09
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28118 Points Joined May 2017
Revised return and corrections are made .But it is not advisable .Stick to that.
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On 07 March 2022 at 09:01
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CFO- at NHTF
58280 Points Joined August 2012
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..
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On 07 March 2022 at 09:04
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28118 Points Joined May 2017
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.
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On 07 March 2022 at 13:01
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Na
30 Points Joined October 2020

Thank you.  So, Can I reverse the entire amount + TDS amount  without depending on client for TDS correction?

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On 07 March 2022 at 13:57
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Need help
695 Points Joined November 2021
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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On 07 March 2022 at 14:20


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