Sir, My Query is that If i have filed the I Qtr TDS return after that i know that i am not deducting the TDS from Party on one bill. In month of August I deposit the TDS amount in bank & deduct the TDS from Party in next bill. As per Income Tax Act, I revise the my I Qtr TDS return or adjust in II Qtrn TDS return. Which date i mention for the date of Credit Bill date or payment date, or TDS Deposit date or date of which i deduct in next bill, which date i mention in TDS return and TDS certificate. Please advise.
Please clarify, whether you are filing etds or tds returns. Because if you are filing etds (electronic media) , you will have to use correction utility to rectify the amount. In case of tds (physically not through electronic media)
then also mention the original date of payment and deduction. While filing etds the utility won't accept the date beyond or earlier than that of quarter.
Dear Sanjay Joshi,
I have filed the etds. but my query is that if i deduct the tds in august instead of may, i revise my etds return of ist qtr or adjust in 2nd qtr. date of payment mention in August which is actualy date of tds or May bill date.
You can not show the tax transaction of May in the Month of August. Now, you will have to file revised quarter 1 etds through correction utility. Its very simple. In attached file, I have shown all the screens of HOW TO FILE CORRECTION UTILITY.
THINGS TO BE REMEMBER
1. USE THE SAME VERSION OF RPU , YOU HAD USED TO FILE ETDS Q1
2. SELECT CORRECTION NOT REGULAR
3. OPEN THE .FVU FILE (SUBMITTED BY YOU) THROUGH THIS UTILITY
4. DO NOT FORGET TO SELECT UPDATION TAGS ON FORM PAGE (NO. 1, CHALLAN DETAILS YOU YOU ARE ADDING CHALLAN ALSO, IN ANNEXURE 1 SELECT UPDATE OR ADD TAGS AS PER YOUR NEED
JUST GO THRU THIS FILE FIRST ... ALL THE BEST !