There is interest income from late payment of bills which has been included in Total turnover as per GST. The payer has deducted TDS on such interest. Now how to present such income in Income Tax. If i show it as IFOS then turnover will not match with GST turnover or if i didn't show as IFOS then how to claim TDS ?
I have included interest amount in turnover and claimed tds. Is it ok. If not then i have to revise return as well as audit report also.
Aggarwal Sarawagi and Co
New Delhi
CA
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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CAclubindia
