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Tds correction statement last date

Eswar Reddy S (CFO- at NHTF) (58213 Points)

18 June 2022

What is the last date for Tds correction statement?

How many times Tds correction is allowed ?

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20 Replies

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 18 June 2022

No last date and number of times it can be corrected.

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 18 June 2022

Hope there is deadline for correction atleast for few years only possible. Can we correct 2013-14 Tds return now ?

5 Like

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 18 June 2022

Yes you can correct it now also.

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 18 June 2022

Are you sure ?

5 Like

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 18 June 2022

Yes , we done it many times

sabyasachi mukherjee (26057 Points)
Replied 19 June 2022

Tds correction can be made many number of times.

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 19 June 2022

How about time limit ?

2 Like

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 19 June 2022

There is no time limit

PRAVIN VADNERE (AUDITOR) (115 Points)
Replied 19 June 2022

TDS can be corrected as and when you do!

1 Like

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 19 June 2022

What is the reason?

2 Like

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 19 June 2022

No reason

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 19 June 2022

Hope this might be reason. I just found this info

As there is a provision u/s 139(5) for expiry period of filling income tax return and on another side there is no provision for expiry period of filling revise/corrected TDS return, creates the problem for deductee facing income escape assessment & concealment penalty

2 Like