ITC MISMATCHING
This query is : Resolved
28 April 2016
ITC mismatching : dear sir , my friends is a two wheeler sub dealer in orrisa ,sub dealer is purchasing bick from his dealer .I file my income tax return but 3 month ago , adit was come odited my file and sales track and found that mismatching between out put tax show and ITC taken by sub dealer mismatching amount isRs . 1,56,187.00. finaly sub dealer is got income tax notice so kindly advice in following queries. ..
1. will sub dealer having any deficaulty with tax notice instinct of sub dealer file tax return accouding to his sales and income
2.whether income tax notice is valide incase of sub dealer
3.what is the core of action sub dealer will take
thanks and regards
irfan alam
28 April 2016
ITC is a matter of VAT and income tax has not contact with that both are different. if ITC on sales are mismatch then you had been received notice from your VAT dept. not form income tax department.
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
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Error in uploading Form 10BD
- Banking Related Issue
- Difff in ais receipts and gst turnover
- Loss of interest in PF transfer from EPFO to Trust
- ITR-3 File/Error Found
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Gst on travel by air for business purposes
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
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
