recd intimation re TDS nullification /error for our past filings

[Asked by Guest]

Note for Forum

We have recd intimation re TDS nullification /error for our past filings.
The problem is:

We have wrongly deducted and paid a short amount of TDS for our vendor in a previous year; Now this difference amount needs to be paid.

Do we need to file a revised return for that year? Is there a limit to how far back TDS return can be revised?

Also, the Vendor will now receive an extra TDS credit for a previous year (assuming he filed his return on the earlier TDS dedcuted basis); How can the vendor CLAIM THIS BENEFIT in his IT returns;

IS THERE AN ALTERNATE WAY TO DEAL WITH SUCH A NULLIFICATION?

[DR.MARIAPPAN GOVINDARAJAN]

In my view the TDS return may be revised before the last date of filing income tax return. However please check it.

AI Summary

TDS return revision may be possible before the income-tax return deadline, enabling vendor TDS credit recovery.
Where under-deduction of TDS has occurred, the operative guidance is that a TDS return may be revised before the last date of filing the income-tax return for the relevant year; the vendor will receive additional TDS credit for the earlier year following correction and should claim that credit in his income-tax return. Verification of the revision deadline is advised.