What is the last date for Tds correction statement?
How many times Tds correction is allowed ?
20 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 18 June 2022
No last date and number of times it can be corrected.
Eswar Reddy S
(CFO- at NHTF)
(58275 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 ?
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 18 June 2022
Yes you can correct it now also.
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 18 June 2022
Yes , we done it many times
sabyasachi mukherjee
(27732 Points)
Replied 19 June 2022
Tds correction can be made many number of times.
Eswar Reddy S
(CFO- at NHTF)
(58275 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
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
anil jain
(Partner)
(1072 Points)
Replied 19 June 2022
What about correction of 26 QB.
How it can be corrected for date of payment of sale proceeds.
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 19 June 2022
You can file correction statement
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