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What is the time limit to revise TDS return?

Time Limit To Revise TDS Return


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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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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