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.

[Ganeshan Kalyani]

In my view, quarter 1 return has to be revised furnishing the missed out invoice on which TDS is now paid.

AI Summary

TDS compliance: late deduction should be reflected by revising the original quarter's return rather than reporting in a later quarter. Recommended procedural remedy: revise the original quarter's TDS return to include the missed invoice on which TDS was later paid (with interest), so the deduction is reflected in the period of the original payment rather than in a subsequent quarter.