Tds and sales turnover mismatched report - intimation
This query is : Resolved
18 April 2019
Hi,
We have made return filing during the FY 16-17 that time we had shown only sales amount but TDS claimed but in FY 17-18 time, we took TDS amount but recently Intimation has come about the mismatched of Sales and TDS amount as per 26AS.
We just want to know, we have some of the clients which follow payment time tds to be cut, so what happen, we booked sales invoice in previous years but payment is received in current year and tds is reflected in a current year.
Guys please suggest what we can do in this case.
We have made return filing during the FY 16-17 that time we had shown only sales amount but TDS claimed but in FY 17-18 time, we took TDS amount but recently Intimation has come about the mismatched of Sales and TDS amount as per 26AS.
We just want to know, we have some of the clients which follow payment time tds to be cut, so what happen, we booked sales invoice in previous years but payment is received in current year and tds is reflected in a current year.
Guys please suggest what we can do in this case.
18 April 2019
u can carry forward ur claim of tds according to the fy of deduction of tax. u can also file a response mentioning that tds was deducted on the income booked in previous fy
18 April 2019
Thanks for replied, CA Nitin Varshney.
My Auditor is requesting to us as an inform about the mismatch of income and tax to our client and request to them for Book Sales in same year and cut TDS on same year. But our clients are not changing their process as they said, sharing TDS certificate that is enough for you to claim but we could not show your sales invoice.
My Auditor is requesting to us as an inform about the mismatch of income and tax to our client and request to them for Book Sales in same year and cut TDS on same year. But our clients are not changing their process as they said, sharing TDS certificate that is enough for you to claim but we could not show your sales invoice.
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