Interest on tds 2012-13
ashok thakker
(Querist) 02 May 2013
This query is : Resolved
Sir,
Mine is a proprietorship concern,we have found some discrepancies in TDS returns in 1st and 3rd qtr of fy 2012-13.Some interest is due to be paid,we have decided to pay it now till May'2013 from the date of payment of TDS and file revised returns.Agency whom we have entrusted the job of filing TDS returns say it can not be done now till a default is created by Department, why can't we do it voluntarily ? pl advise exact procedure....for correcting this mistake.
Regards,
ashok thakker
Ganesh babu
(Expert) 04 May 2013
we can file correction statement..
http://www.caclubindia.com/experts/procedure-for-filing-revised-tds-return-472580.asp
https://www.tin-nsdl.com/etds-etcs/faq-etdrevised-prereq.php
it is recommended to file revised returns..
if there is any short remittances and paid now cases..tds return for the respective quarter to be revised..unless and other wise tds amount will not reflect in deductees 26AS..
so u have to revise tds returns in such case,.. if only interest is the pending u just pay interest as per applicable revised return can be done once defaults generated
R.V.RAO
(Expert) 22 February 2014
before your business IT assessment is completed,you may file revised TDS return to take the effect of same in your returns.(this is done through form 26 AS)
