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Income tax

Efiling 214 views 4 replies

S. RAVICHANDRAN

Finance Professional

169 Points Joined June 2014

SIR

ONE OF THE CONTRACTOR RECEIVED BUILDING CONSTRUCTION ORDER DURING THE JULY 2017. BUT STILL THE SAME IS UNDER CONSTRUCTION. IT WILL COMPLETED AFTER FEB.2019. THEY RECEIVED PAYMENT AFTER DEDUCT THE INCOME TAX TDS. THERE IS NO SALES DETAILS FILED IN GST DUE TO IN COMPLETION OF THE PROJECT. ONLY BANK ENTRIES AVAILABLE FOR THE PAYMENT RECEIPTS. PLEASE LET ME KNOW HOW TO FILE THE INCOME TAX FOR THE FY 2017-18. AND WHICH HEAD OF INCOME MENTIONED IN THE ITR. (BUILDING UNDER CONSTRUCTION)

PLEASE CLARIFY.

REGARDS

S. RAVICHANDRAN

Replies (4)

prasad Nilugal

GST Practitioner & Accounts

15035 Points Joined March 2014

For F.Y . 2017-18 you can not file return now except if refund or carried forward loss in this case one can file with con donation request U/s 119(ii) (b) of the income tax act 1961 to your jurisdictional A.O. , after approval you can file return .