26 May 2012
SIR ACTUALLY WAT HAPPENED I HAVE INCLUDED BROKERAGE AND COMISSION INCOME UNDER BUSINESS HEAD I THINK SO DUE TO WHICH DEPARTMENT HAS DISALLOWED TDS IS THAT CORRECT.IF I WOULD HAVE SHOWN UNDER OTHER SOURCES THAN WAT WOULD HAVE HAPPENED...
27 May 2012
It is immaterial whether you have shown brokerage and commission under business or other sources. Though it is incorrect to show under different head but that should not be a reason for depriving you from credit of TDS. You are requested to see 26AS and find whether the TDS has been credited to your account. If not you should pursue with the deductor. If yes you should file a Rectification application under section 154 of the Act.
CAclubindia
