Revised tds return-26q

Hello

if we are doing revised return of non salary -26Q of previous years i.e.f.y.2014-15, 2015-16, in which we are making changes in pan number of deductee & if the particular deductee has already filed his income tax return for that period, can he get the credit of that tds amount now??

please advise.

Replies (8)

FY 2014-15:-

26q revised return possible.

But revised IT return is not possible of that deductee's case because last date to file revised return U/s 139(5) has already gone.

FY 2015-16:-

26q revised return possible.

Revised IT return is possible of that deductee's case if that deductee has already filed the IT return U/s 139(1) i.e. on or before due date.

 

 

can he take credit of the amount of tds(2014-15) in this f.y.?

We can't give answer properly untill you inform the incident.

First of all tell me what happened.

while filing tds return of f.y.2014-15, invalid pan numbers have been mentioned of particular deductee. so we have received notice from Tracess regarding this to deduct tds 20% due to invalid pan number. to avoid this we need to revise that return mentioning correct pan number. so my question is if we do it in this f.y.can that deductee get the benefit of  tds amount in this f.y while filing his income tax returns? 

In this case he(deductee) has to file a rectification request U/s 154.

it will reflect in his 26AS.but for which f.y.? 2014-15 or 2016-17??

As you got the notice from traces to pay 20% tds in FY 2014-15 so you should response on the same.

So you have file revised tds return by declaring correct PAN No. in the FY 2014-15.

After that the demand will be close by Traces and the deductee has to file a rectification request U/s 154.

ok. thanks a lot for the information.

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