COMMISSION BILL
This query is : Resolved
01 May 2010
RAISED A BILL FOR COMMISSION OF RS.5.00 LACS ON 31.03.2009. PAYMENT WAS RECEIVED IN APRIL 2009 AFTER DEDUCTION OF TAX.
SINCE TDS CERTIFICATE WAS NOT RECEIVED,AND THRU OVERSIGHT THIS INCOME WAS NOT INCLUDED IN CALCULATION OF INCOME FOR 2008-09.
WHAT IS THE REMEDY.KINDLY ADVISE
SINCE TDS CERTIFICATE WAS NOT RECEIVED,AND THRU OVERSIGHT THIS INCOME WAS NOT INCLUDED IN CALCULATION OF INCOME FOR 2008-09.
WHAT IS THE REMEDY.KINDLY ADVISE
Aditya Maheshwari
(Expert)
01 May 2010
Show the income in the current year i. e. 2009 - 10 and claim the TDS.
02 May 2010
Dear Mr. Aditya
Thanks for advise. Problem is that TDS certificate has not been received by us. If TDS certificate relates to 2008-09, can we claim TDS in current year.
Thanks for advise. Problem is that TDS certificate has not been received by us. If TDS certificate relates to 2008-09, can we claim TDS in current year.
Aditya Maheshwari
(Expert)
03 May 2010
First ask for the TDS certificate from the client.
then as income in respect of the TDS certificate is being shown in the current year so TDS can also be claimed. Always TDS claim should be accompanied by income.
Also since TDS has not been shown in the last years return as well as income is also not shown you can show both in current years income.
If last year income had been shown and TDS had not been claimed then TDS could have been claimed in the last year by way of filing revised return
then as income in respect of the TDS certificate is being shown in the current year so TDS can also be claimed. Always TDS claim should be accompanied by income.
Also since TDS has not been shown in the last years return as well as income is also not shown you can show both in current years income.
If last year income had been shown and TDS had not been claimed then TDS could have been claimed in the last year by way of filing revised return
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Royalty payments to the Mining Department for procurement of murum - GST input
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Intimation under section 245
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
