Audit query

250 views 4 replies

Dear Sir,

 

Please explain As per 26AS for FY.2014-2015 downloaded in Decemeber,2015 the total receipt is showing Rs.1,05,31,446/- and form 26AS downloaded in July,2016 the total reciept of Rs.1,47,64,993/- the difference of Rs.42,33,547/-  .So ,I want to know shall I consider the difference in Rs.42,33,547 in F.Y 2015-2016 as it was showing in FY 2014-2015 as per 26AS.

 

Points to remember :-

 

1.Assessee has not filed the return for FY-2014-15 still pending

2.The assessee actual turnover is Rs.98,86,988/-

Regards,

Munna

Replies (4)
You should go with actual basis i.e. Actual receipt accrued on respective financial year and your receipt showing not depend on what is showing In 26 as.

But sir income tax authority are so lazy they are depend on 26as to reconcile the income .Please reply

Yes you are correct but Income tax authorities and TDS department working in different wings and to support your contention.

There are many judgement where assessing officer
where assessing officer can not put blindly reliance in 26 as.


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