Income Carry Forward
This query is : Resolved
17 July 2023
Dear All,
I am an partners in 1 LLP.
I am having Income of 38 Lacs during FY 22-23 with TDS credit of 3.80 Lacs but in my 26AS Income reflected of INR 42 Lacs and tds 4.20 Lacs because my client considered 4Lacs provision and paid tds on it for April 23 Invoices.
So do I need to shown turnover of 38 Lacs of 42 Lacs in Income tax ?
I am an partners in 1 LLP.
I am having Income of 38 Lacs during FY 22-23 with TDS credit of 3.80 Lacs but in my 26AS Income reflected of INR 42 Lacs and tds 4.20 Lacs because my client considered 4Lacs provision and paid tds on it for April 23 Invoices.
So do I need to shown turnover of 38 Lacs of 42 Lacs in Income tax ?
17 July 2023
If you have any supplies made in FY 2022-23 for the amount of Rs. 4.00 lakhs, you can consider the exact amount of it as per bill; otherwise consider only 38 lakhs and relevant TDS of 3.80 lakhs, remaining TDS amount you can carry forward.
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Free lancer income
- Specified Profession
- Last year TDS Claim
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
