Tds on professional charges

Better raise bill upto the work completed, may be as per detailes of 26AS and payments received till year end, and after deduction of expenses in connection with work-in-progress , arrive at some estimated profits. File return and demand excess of TDS, if any.

Respected Dhirajlal ji

How can we raise bill in the fin year 2015-16 , the ST return already submitted in due date and we can't file Revised ST return also.

Pls advice.

Otherwise, how will you reply IT query based on TDS return?

Respected Dhirajlal Ji

The last date of filing date of ST -3  was 25th April,2016 ( we have filed ST-3 within due date ) and the time limit was 90 days that means if we require revised then it should be done within 25th July,2016 -- so we have crossed the date.

If the I- Tax dept make query for the entry --- is it possible to show the e-mail received from the customer ? Is it sufficient to satisfy the department ? Pls advice. If there is any other way pls suggest.

Thanks

Yes. you have that option. As you are anyway declaring the income in aggregate on completion of the work.

But revised ITR would be required to be filled based on TDS deducted, as TDS carried forwarded.

Then we have to collect Form- 16A from the customer to establish our position to the I- Tax dept. In the Form- 16A the customer can't show our bill no. etc, they will  show it is a provision entry. Is it not ?

Thanks

Gupta

He has to issue form 16A, but otherwise also when bill was not raised by you, you can stand on your point. and revise your return.

No sir , we have not filed I-T return as due date is 17th Oct,2016

Thanks

OK, Good luck.