TDS Compliance

[Pradeep Sarangi]

Dear Expert,

One of my client has made an advance payment to his vendor but not deducted TDS at the time of payment on May-2022 & further he has submitted the TDS qtrly return from April-June 2022. Now, he has deducted the Tax at the advance portion on month of feb-2023 & payment the challan with an interest amount. Now, the query is to be confirm that he will consider the TDS amount on 4th qtr of return for FY 2022-23 or need to revise/correction the earlier filed return for the 1st qtr on payment date.

Pls guide for conclusion of same case.

AI Summary

Client Advised to Revise First Quarter Return for FY 2022-23 to Include TDS Deducted in February 2023 A client made an advance payment to a vendor in May 2022 without deducting TDS and filed the quarterly TDS return for April-June 2022. The TDS was later deducted in February 2023, and the payment was made with interest. The query is whether to include the TDS amount in the fourth quarter return for FY 2022-23 or revise the first quarter return. The expert advises revising the first quarter return to include the missed invoice on which TDS was subsequently paid.