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TDS returns filled

Surinder (Assistant) (341 Points)

01 May 2021

Dear sir

We have filled TDS returns for December 20 in January 16,2021but still date it's not reflect in vendors 26As. during filing TDS returns i have selected assessment year 2020-21.
so that's the reason please suggest.

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9 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 01 May 2021

You have to rectify it in next return

jacinthamary (accountant) (848 Points)
Replied 01 May 2021

File correction statement for the same quarter

Surinder (Assistant) (341 Points)
Replied 01 May 2021

Dear Sir
what is the reason could be behind

jacinthamary (accountant) (848 Points)
Replied 01 May 2021

Asst Year should be 2021-22

sabyasachi mukherjee (26043 Points)
Replied 01 May 2021

If there is no error between base data and cover extension file uploaded then kindly arrange to report this to tds traces.
It happens that 26AS FIGURES ARE NOT CORRECTLY REFLECTED.

CMA Poornima Madhava (CMA) (13097 Points)
Replied 01 May 2021

If TDS returns for Q3 was filed on 16th Jan, the AY should have been 2021-22. If not, you need to revise the return for both Q3 of AY20-21 and Q3 of AY21-22.

sabyasachi mukherjee (26043 Points)
Replied 01 May 2021

You have selected the wrong assesment year.

It should hv been 21 22.

Hence the error.

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 02 May 2021

AY 21-22 should be selected for Jan 21 Return

Lotus Agrawal (Practice) (1356 Points)
Replied 03 May 2021

Yes that may be the reason. It's better u first check the statement status from TRACES portal. I guess defaults could be there for which u can request for justification report. check it and then revise the return by correcting the defaults.