TDS DEPOSIT AGAINST DISALLOWENCES OF PREVIOUS YEAR

TDS 937 views 3 replies

B KANRAR

SERVICE

57 Points Joined December 2008

I TAX DEPARTMENT DISALLOWED SOME TDS RELATED EXPN. FOR F.Y-06-07. WE DEPOSITED TDS IN THE NEXT YEAR i.e. F.Y-07-08(MONTH-FEB08) FOR CLAIM THE EXPENSES. THE TRANSACTION OF EXPESES WHOLE YEAR OF 06-07. NOW, WE HAVE TO SUBMIT THE TDS RETURN. IF I REVISE THE RETURN OF SUCH QTR OF F.Y-06-07 OR NOT ?

Replies (3)

CA CS VINAYAK PATIL

CHARTERED ACCOUNTANT

921 Points Joined February 2009

Originally posted by :B KANRAR
"	I TAX DEPARTMENT DISALLOWED SOME TDS RELATED EXPN. FOR F.Y-06-07. WE DEPOSITED TDS IN THE NEXT YEAR i.e. F.Y-07-08(MONTH-FEB08) FOR CLAIM THE EXPENSES. THE TRANSACTION OF EXPESES WHOLE YEAR OF 06-07. NOW, WE HAVE TO SUBMIT THE TDS RETURN. IF I REVISE THE RETURN OF SUCH QTR OF F.Y-06-07 OR NOT ?	"

I think doesn't need to revised the return because all assessee which you deduct tax they will received tds amount

CA.E.Deepan Chakravarthy

CA and CS Executive

462 Points Joined January 2008

Hello Kanrar

I agree with Vinayak, because the returns have been filed, with what actually done by assessee. The expenses are disallowed because of non-compliance of 40(a)(ia), so there is no need to revise TDS return.

Regards

vishesh nagar

Accountant

22 Points Joined June 2009

I TAX DEPARTMENT DISALLOWED SOME TDS RELATED EXPN. FOR F.Y-07-08. WE DEPOSITED TDS IN THE NEXT YEAR i.e. F.Y-08-09(MONTH-JUNE09) FOR CLAIM THE EXPENSES. THE TRANSACTION OF EXPESES WHOLE YEAR OF 07-08.
NOW, WE HAVE TO SUBMIT THE TDS RETURN.
IF I REVISE THE RETURN OF SUCH QTR OF F.Y-07-08 OR NOT ?