05 August 2019
DEAR MEMBERS, TIMBER PURCHASED 25LACS AND TCS COLLECTED BY SELLER. SALE IS 21 LACS. U/S 44AD ITR WAS FILED. DEPARTMENT SAYS 25 LACS TURNOVER AND ITR WAS DECLARED DEFECTIVE.BUT ACTUAL SALE IS 21 LACS. HOW TO REPLY MENTIONING/COVERING I T SECTION FOR TIMBER PURCHASE. KINDLY GIVE YOUR OPION.
06 August 2019
Reply TCS collected on purchase value of 25 lacs. 25 lacs is not turnover. Contact CPC Bangalore point out the error it requires correction in software.
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