Can TDS return be revised after due date?

As there is a provision u/s 139(5) for expiry period of filling income tax return and on another side there is no provision for expiry period of filling revise/corrected TDS return, creates the problem for deductee facing income escape assessment & concealment penalty.

Is TDS deposit date extended?

CBDT extend dates for filing TDS, tax returns The last date for filing belated tax returns for the financial year 2021 has been extended till 31 May 2021. The date for payment of amount under Direct Tax Vivad se Vishwas Act 2020 without any additional amount has also been extended till 30th June 2021.

What is the due date for deposit of TDS?

TDS payment due dates

Is TDS deposit date extended for April 2021?

April, 2021. The due date for filing of challan-cum-statement has been extended from April 30, 2021 to May 31, 2021 vide Circular 08/2021, dated 30-04-2021. The due date for filing of challan-cum-statement has been extended from April 30, 2021 to May 31, 2021 vide Circular 08/2021, dated 30-04-2021.

How can I revised TDS return?

1. Overview. -Request for conso file from Traces Portal. -Download the conso file & open in utility.
2. STEP-1.
3. Request for conso file from Traces Portal. Login to traces. After login you can see various tabs on the Home Screen.
4. STEP-2. Download the conso file & open in utility.
5. STEP-3. Update the correction in utility.

What is penalty for late filing of TDS return?

As per section 234E, where a person fails to file the TDS/TCS return on or before the due date prescribed in this regard, then he shall be liable to pay, by way of fee, a sum of Rs. 200 for every day during which the failure continues. The amount of late fees shall not exceed the amount of TDS.

Why this year TDS refund is late?

However, there can be many reasons for your refund getting delayed. Income Tax Refund can be claimed when: Excess TDS was deducted on your interest income from bank FDs or bonds. The advance tax paid by you on self-assessment exceeded your tax liability for the applicable FY as per the regular assessment.

How can I file TDS correction?

How to make corrections to TDS returns in Cleartds

1. Make a request for Conso File and download the same from Clear TDS.
2. Open the . zip file which contains the Conso File.
3. Import your Consolidated File to prepare correction statement.
4. Make any modifications necessary.

How to add/modify deductee in TDs return?

Step by Step Guide for Add/Modify Deductee in TDS Return. Step 1 – Login into TRACES website. Step 2 – Select option Defaults -> Request for correction. Step 3 – Select the period for which you want to file correction. Use the option of Online in Correction Category and click on Submit. Step 4 – A request number is generated by the system.

What is the due date for payment of TDs?

Due date for payment of TDS. It is the responsibility of the organization deducting the TDS, known as the deductor, to duly pay the applicable TDS to the government before the due date. Generally, the due date for TDS payment is always the 7th day of the next month, with a few exceptions. Check Your Personal Loan Eligibility In Less Than A Minute

How to make corrections in the already filed TDs return?

Many times, deductor have to make the changes in the previously filed TDS return due to some mistake, omission etc. TRACES provide online functionality for making various types of the corrections in the already filed TDS return which are as follows: – Resolution for overbooks challan (move deductee row from challan)

How do I Find my TDs insured reference number?

Please go to TDS Insured for information about our Insured scheme. You will have a reference number in the format 7sgjw2 if your deposit is protected with our Insured scheme. If TDS holds your deposit it is protected using our custodial scheme and the following information will apply.