Here are the Time Limit to revise TDS Return:
Revised quarterly TDS returns:
For quarterly TDS returns, a revised return can be filed at any time before the end of the relevant financial year or before the completion of the assessment, whichever comes first.
To Visit https://www.incometax.gov.in
Revised annual TDS returns:
In the case of annual TDS returns, a revised return can be filed within two years from the end of the financial year in which the TDS was deducted.
It’s important to note that a revised TDS return can submit only if the original return file within the specified due date. Additionally, a revised TDS return is necessary only if there is an error or omission in the original return. If there are no mistakes or omissions, there is no need to file a revised TDS return.
FAQs:
- What is a TDS return?
A TDS (Tax Deduct at Source) return is a quarterly statement that reflects the TDS deduct and deposit by an entity on behalf of taxpayers. - What is the time limit to revise a TDS return?
A TDS return can be revised within one year from the end of the financial year in which the original return was file. - What happens if I miss the revision deadline?
If you miss the deadline, you cannot revise the return, and the original return will stand as filed, potentially leading to penalties. - Are there penalties for revising a TDS return?
There are no penalties for revising a TDS return, but the original errors may attract penalties if not correct. - Can I revise a TDS return multiple times?
Yes, a TDS return can be revised multiple times within the allow timeframe, as long as the revisions are necessary. - How do I know if my revise TDS return was accept?
You will receive a confirmation from the Income Tax Department once your revise TDS return is process. - Is there a separate deadline for revising TDS returns for different quarters?
No, the deadline for revising TDS returns is based on the financial year, not on individual quarters. - What documents do I need to revise a TDS return?
You will need the original TDS return details, correction information, and any supporting documents for the corrections made.
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