TDS Compliance, Income Tax

[Pradeep Sarangi]

Dear Expert,

One of my client has made an advance payment to his vendor but not deducted TDS at the time of payment on May-2022 & further he has submitted the TDS qtrly return from April-June 2022. Now, he has deducted the Tax at the advance portion on month of feb-2023 & payment the challan with an interest amount. Now, the query is to be confirm that he will consider the TDS amount on 4th qtr of return for FY 2022-23 or need to revise/correction the earlier filed return for the 1st qtr on payment date.

Pls guide for conclusion of same case.

Posts / Replies

[Ganeshan Kalyani]

In my view, quarter 1 return has to be revised furnishing the missed out invoice on which TDS is now paid.