NOTICE FOR DEFECTIVE RETURN U/S 139(9) for A.Y. 2023-24
This query is : Resolved
27 November 2023
Assessee has declared gross receipts of Rs. 29. 95 crores whereas in 26as gross receipts shown is Rs. 21.55 crores on which TDS has been deducted u/s 194Q of Rs. 2.15 lakhs.
in 26as cash withdrawal entries for Rs, 11.80 crores are shown under section 194N on which no tds has been deducted as the assessee is APMC agent.
Department has considered cash withdrawal as income and made itr defective
15 days time is already lapsed.
what remedy is available?
in 26as cash withdrawal entries for Rs, 11.80 crores are shown under section 194N on which no tds has been deducted as the assessee is APMC agent.
Department has considered cash withdrawal as income and made itr defective
15 days time is already lapsed.
what remedy is available?
27 November 2023
It's wrong to consider cash withdrawal as income.
File belated return again in view of 15 days time lapsed and respond to notice again if received.
File belated return again in view of 15 days time lapsed and respond to notice again if received.
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
- Post Office RD Interest
- Itr 1 processing
- Reporting Income under Section 44ADA
- Building and other construction workers welfare cess act 1996
- ITR validation error - Balance sheet is not filled
- Bank Accounts in Balance Sheet for ITR 3
- ITR 1: Details for showing Exempt Income
- TDS ON CASH WITHDRAWALS...
- LIC Annuity received under Jeevan Akshay Scheme
- Delisted shares sold in off market/ Rebate u/s87A
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- 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
- Annexure B utility for GST Refund
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
