Itr filling

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This query is : Resolved

Angad Yadav (Querist)

06 June 2014 Sir Just I Want to know that I Have done Assesment for the Finnancial Year 2012-13 , One My Party Didn't deduct Tds in 2012-13 but now he is deducting Tds in 2013-14 of fy 2012-13 & Giving us Tds Certificate paid with intrest then can i Take credit of that ammount in fy 2013-14 if yes Plz tell me in which section & what is procedure for him & for me . is any provision for revise return of that year or not. if yes then both have to done revise return or not.

Ganeshbabu K

Ganeshbabu K (Expert)

06 June 2014 first collect tds certificate and see in which assessment year it is should
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if it is shown as A.Y.2014-15 you can claim this in this year
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If he given tds certificate saying A>Y.2013-14 you have to revise or rectify the return which you have already filed

Angad Yadav

Angad Yadav (Querist)

06 June 2014 Sir ,

Thanks for your quick reply

Angad Yadav

Angad Yadav (Querist)

13 June 2014 sir just confirm me that my income tax is due from april 2011 then interest on income tax should come in the balance sheet as indirect expenses or not if yes plz tell me after one year interest on income tax amt would add to income tax amt and consider as capital amt for next year or not.

Ganeshbabu K

Ganeshbabu K (Expert)

15 June 2014 Income tax and interest on income tax is to be shown below the profit before tax as a income tax expence
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it is not indirect expence
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tax and interst on income tax is shown as prior year tax if provision for tax is making this year

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