Income tax tds & turnover mismatch

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 February 2016 ONE OF MY CLINENT FILED RETURN FOR A.Y. 2014-15 U/S. 44AD. CONTRCTOR, RETURN (TOTAL RECEIPTS RS.1025001)FILLED ON 15/03/2015. AND PAY TAX ACCORDINGLY, AT THE TIME OF FILLING OF RETURN TDS IN FORM 26AS IS NIL, BUT ON 31.03.2015. MY CLIENT A/C. HAVE TDS FOR RS.23000/- AND TOTAL RECEIPTS RS.2300000/-. SO, MISMATCH IN TURNOVER AND TDS NOTICE FROM DEPARTMENT. WHAT I DO, CAN I THIS TDS AND TURNOVER WILL SHOW IN A.Y. 2015-16 RETURN OR NOT. AND WHAT ANS GIVEN IN E SAHYOG NOTICE.

PL. GUIDE ME.

Ganeshbabu K

Ganeshbabu K (Expert)

15 February 2016 You better revise the TDS return and claim TDS also in your return.You cannot claim the same in next assessment year

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

15 February 2016 File revised return including turnover and TDS and reply to the notice as filing revised return. This Turnover and TDS can't be included in AY 2015-16.

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Querist : Anonymous

Querist : Anonymous (Querist)

16 February 2016 dear expert, but this is return filled after due date so, how i can revised

Querist : Anonymous

Querist : Anonymous (Querist)

16 February 2016 As per my knowledge, if filed return after due date we can not revised return. when we filed return with due date then option is available for revised return.

so, pl. guide me,

Ganeshbabu K

Ganeshbabu K (Expert)

16 February 2016 As per act we cant file revised return but it is possible to file revised return technically try to upload it as revised return or wait for intimation from IT department,

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