234b and 234c
This query is : Resolved
09 April 2014
hi.......
if my friend receives notice under setion 153A,in that notice specfies that you need to assess or reassess total income for the previous 6 assessment years,
now i came to know that his does't disclose part of income at that time,now i reassess his income and include undisclosed income for the AY 2009-2010 onwards,
while computing total income of him for the AY 2010-2011,i came across some doubts
for the AY 2010-2011;tds receivable 20000 set off aganist taxliablity of 10000, and he receives the refund of 10000 in AY 2011-2012.
now while calculating tax liablity whether
tds amount is consider or not,if tds consider advance taxes not come ,if tds not consider advance taxes are very high
so what i do now?
if my friend receives notice under setion 153A,in that notice specfies that you need to assess or reassess total income for the previous 6 assessment years,
now i came to know that his does't disclose part of income at that time,now i reassess his income and include undisclosed income for the AY 2009-2010 onwards,
while computing total income of him for the AY 2010-2011,i came across some doubts
for the AY 2010-2011;tds receivable 20000 set off aganist taxliablity of 10000, and he receives the refund of 10000 in AY 2011-2012.
now while calculating tax liablity whether
tds amount is consider or not,if tds consider advance taxes not come ,if tds not consider advance taxes are very high
so what i do now?
Rupesh Jain
(Expert)
09 April 2014
you take tds already deduct due to income related to tds take by income tax deptt. for calculating income .
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