recd intimation re TDS nullification /error for our past filings, Other Topics

[Anish Bajaj]

Note for Forum

We have recd intimation re TDS nullification /error for our past filings.
The problem is:

We have wrongly deducted and paid a short amount of TDS for our vendor in a previous year; Now this difference amount needs to be paid.

Do we need to file a revised return for that year? Is there a limit to how far back TDS return can be revised?

Also, the Vendor will now receive an extra TDS credit for a previous year (assuming he filed his return on the earlier TDS dedcuted basis); How can the vendor CLAIM THIS BENEFIT in his IT returns;

IS THERE AN ALTERNATE WAY TO DEAL WITH SUCH A NULLIFICATION?

Posts / Replies

[DR.MARIAPPAN GOVINDARAJAN]

In my view the TDS return may be revised before the last date of filing income tax return. However please check it.