Itr of company

This query is : Resolved

CA Sumit goyal (Querist)
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12 November 2013 Service provided in Feb 2012 for 3lacs
tds to be deducted(approx) 6000 approx @ 2%

ITR filled for A/y 12-13 with 3lac income & tds claimed for 6000.

But No tds is coming in 26AS for A/y 12-13.

That tds is coming in A/y 13-14.

Now i have to fill the ITR for A/y 13-14.what i should do?

Deductor wrongly filled the TDS return & shows that amount in A/y 13-14 instead of A/y 12-13, & now he is not ready to revise the TDS return.

Kindly revert

Nikhil Kaushik

Nikhil Kaushik (Expert)
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12 November 2013 TDS credit is to be claimed in the year in which the income is offered to tax. So there is no need to revise the TDS return or the tax return for AY 2012-13. Also, in income tax return, there is option of claiming partial or full credit of TDS or to postpone to future years.

You will get the credit. Keep your Form 16A handy.

Use this instruction for your benefit:

https://www.irsofficersonline.gov.in/Documents/OfficalCommunique/17112013105228.PDF

CA Sumit goyal

CA Sumit goyal (Querist)
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13 November 2013 TDS certificate are not provided by the deductor.
Can i re book same income in A/y 13-14??

Nikhil Kaushik

Nikhil Kaushik (Expert)
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13 November 2013 do you have the option? yes you have. You can revise the returns. But AO would ask for reason for reducing the income. Plus will your auditor give you revised audit report? Income is to be recognized on the basis of accounting policies of the entity. I would suggest that you maintain your claim and if the AO doesn't agree to it, then you go for revision. normally AO should n;t object as this is going to be revenue neutral adjustment.

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