Our client is a professional and offered gross receipts from profession Rs.55 Lakhs in the profit and loss account as well as in the ITR accurately. Gross receipts as per 26AS is only 30 Lakhs, which is liable for TDS to the deductors.

However, the return is defective u/s 139(9), the error descripttion is "as per rule 37BA of the income tax rules, 1962, read with section 199, credit of TDS shall be given for the assessment year for which such income is assessable. As seen from the ITR filed, credit of TDS has been claimed but the corresponding receipt/income has been ommitted to be offered for taxation. The above ommission is a defect, as per clause (a) of the explanation provided under sec.139(9)".

Probable resolution mentioned in the 139(9) received is " The gross receipts/income, on which tax has been deducted, are to be entered in the schedule under the respective heads of income, as they are assessable in the year in which the credit for the TDS is being claimed".

Our client is liable for audit and in the ITR filed we had disclosed gross receipts from profession is more than the gross receipts as per 26AS. Please give us a solution.

Thanks

In Form 26AS the salary that is shown is 12 Lakhs. This is shown in Form 16B as my Gross Salary but after HRA and Conveyance Allowance deductions u/s 10 and removing Professional Tax my Salary becomes 11 Lakhs. This number of 11 Lakhs is point 6 in Form 16B called "Income chargeable under the head Salary". I have filed ITR where I entered Salary as 11 Lakhs as mentioned in the form. I get an intimation from IT department saying that there is a mismatch in the field salary where in 26AS it is 12 Lakhs and in ITR you have filed 11 Lakhs hence they are asking for an explanation. What should I do?

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Dear sir
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Sir,

I Import Stone chip from Bhutan and there after paid 5% IGST on custom.
Now i am confuse whether at the time of selling this product i have to collect gst from customer .
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Please suggest.

Good afternoon all,
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Hello friends, I want to revise itr1 for ay 2017-18 which was filed before due date. Return is already processed and tds amount is received in bank account. Now i want to file itr3 but dont understand how to adjust tds amount showing in refund column. i already received refund and i just want to add income which was missed. should i skip tds amount in tds column, even after revision my total income is below 2.50 lakh. plz suggest.

I would like to get an opinion on No TDS deduction on FD.
We are section 8 company and hence we are not liable to pay TDS .
Now this is the first time we have put our funds into FD and the bank is deducting TDS on Interest and when we submitted 80G certificate and 12A registration certificate they asked us to give exemption certificate u/s197.
So my question is can we apply being section 8 company and if yes what is the process of obtaining certificate u/s 197.