Filing of returns - effect of notification dated 17/02/2010

[madhavvan n]

The latest notification on TDS rules dated 17/02/2010, which are effective from 01/04/2009 does this mean that the returns for all 3 quarters for F.Y. 08-09 have to be revised and filed in new format given readers for your views

[Rama Krishana]

I do not think so. The returns submitted earlier may not be revised based on new format. Though the notification is applicable with effect from 1-4-2009, but the procedural part can be prospective only. A procedural part can not operate with retrospective effect.

AI Summary

Notification's Impact on TDS Rules: No Need to Revise FY 2008-09 Returns Due to Non-Retroactive Procedural Changes A query was raised regarding the impact of a notification dated 17/02/2010 on TDS rules, effective from 01/04/2009, questioning whether returns for the first three quarters of the fiscal year 2008-09 need to be revised and filed in the new format. A respondent opined that the returns do not need to be revised, as the procedural changes introduced by the notification cannot be applied retrospectively, despite the notification's effective date.