Filing of revised return
This query is : Resolved
03 December 2011
Can i file revised return for A.Y:2011-12 as Credit of TDS is short by Rs.1500 claimed by me and as per 26AS as Deductor credit it late.
Also i filed ITR-IV as my income is from Civil consutruction business.
So i filed it u/S 44AD.
But at the time of Filing return of income IT Data base ask me to Describe the method of Accounting.
So i Mentioned Mercantile system.
Is it Valid??
Also i filed ITR-IV as my income is from Civil consutruction business.
So i filed it u/S 44AD.
But at the time of Filing return of income IT Data base ask me to Describe the method of Accounting.
So i Mentioned Mercantile system.
Is it Valid??
03 December 2011
You should have used ITR 4S in case you were satisfying the criteria prescribed for it.
.
Maintain the same Form now, i.e ITR-4 and file a rectification request through e-filing website.
.
In Mercantile Method expenses and income of the relevant year is considered irrespective of the fact- whether paid or received.
However this is not an issue in your case.
.
Just check the credit in Form 26AS, and file the rectification request promptly.
.
Maintain the same Form now, i.e ITR-4 and file a rectification request through e-filing website.
.
In Mercantile Method expenses and income of the relevant year is considered irrespective of the fact- whether paid or received.
However this is not an issue in your case.
.
Just check the credit in Form 26AS, and file the rectification request promptly.
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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Consolidated financials
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Putting a heading on received mail
- Foreign lottery ticket bought online from India: legality, tax and consequences
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Section 50-fixed asset-->building ceases to exist
- Withdrawal in cash from partners capital account by partner
- Regime change
- Goods sold but invoice not issued
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
