Rectification u/s 154
This query is : Resolved
09 December 2015
Dear sir,
The problem is that we are maintaining books on cash basis and therefore claim TDS in the year in which income is received.
For A.Y 2014-15, we are claiming TDS brought forwarded from A.Y. 2013-14 but the same is disallowed by Department.
Moreover we have not claimed TDS in A.Y.2013-14.
This problem will continue for next years also as client deducts tax on accrual basis and we claim it on receipt basis...
Whether there is permanent solution of above problem....??
Please suggest if we file rectification request u/s 154, then same problem would also emerge in next year..
we want permanent solution..
Please suggest....
09 December 2015
File rectification u/s 154 and get tax credit. While filing the return Carry forward the TDS to next year stating the reason income considered in the next year.
09 December 2015
But sir,
If we go for rectification u/s 154, then in which option our case would fall...I mean to say that when we proceed for rectification u/s 154, there are several options available so which option we should select..??
10 December 2015
Select the option of tax credit mismatch. Enter TDS not considered earlier in the return.
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
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR returnFY25-26
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- Tax liability on income of freelancer
- 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
