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Short Deduction of TDS
If we deduct TDS Short and come in knowledge after filing the return than how it should amended. Should we go for correction in return, if yes than how this will be possible and what will be the procedure?
Replies (4)
in case of fuilling a return showing less income than that of actual , latter on when u come to know to know abt this u can file a revised return.
ya u can revise the return
I suppose that you are referring to the Quarterly electronic returns in respect of Tax Deducted at Source. If the assumptions holds good, the returns do filed can be revised by filing correction return. This facility is available in the Return Preparation Utility that is commonly used by you.
You can file the Revise return with NSDL.
Process of filing revise return................
Make necessary correction in that (old) tds Return. Genrate E-return. Then send fvu file to NSDL with a copy of last acknowledgement receipt. There is also a HTML file send a copy of that correction statement .
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