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TDS DEPOSIT AGAINST DISALLOWENCES OF PREVIOUS YEAR
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)
| 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
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
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 ?
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