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tds return

CA Mohd Gouse (Chartered Accountant) (497 Points)

10 October 2007

dear friends

i have question,there is a case hwere i done 11 lac of tds returns,but it was to be of rs.5 lac only,now i want to can i get refund by filing revised returns or it will be adjust in next tds returns...

thank you...

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4 Replies

CMA Gul S (Program Manager) (5910 Points)
Replied 10 October 2007

I think you can adjust the Excess huge TDS amount in the next return

Ketan (Tax Consultant) (73 Points)
Replied 11 October 2007

Hi, now a days everything is captured through E-filling, so i thing u should revise your return and claim refudn in this year only. I suggest not to wait for next year

(Guest)

REVISE YOUR TDS RETURN SHOWING THAT YOU HAVE DEDUCTED TAX AT A HIGHER RATE THAN WHAT WAS REQUIRED AND RECOVER THE AMOUNT FROM HE DEDUCTEE.

CMA Gul S (Program Manager) (5910 Points)
Replied 12 October 2007

Ketan, I do not Agree with you coz amount of 5K is a Big money and should be adjusted , coz to wait for next year means it is to wait for 7-9 months hope you would agree