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

Issue Id: - 116361
Dated: 4-6-2020
By:- Anish Bajaj
recd intimation re TDS nullification /error for our past filings

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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?

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1 Dated: 24-6-2020
By:- 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.


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