sir i have a receive same notice assessee doing a work contract business in F Y 17-18 he received payment of Rs 8211153 those showing in 26 AS but payment of Rs 1069968. revived in FY 17-18 but bill already raised in march 017 and also book in last F Y P&L and ITR also. But I T department send this notice ---
As per Rule 37BA of the Income Tax Rules, 1962, read with Section 199 of the Income Tax Act, 1961, credit of tax deducted at source shall be given for the assessment year for which such income is assessable. As seen from the return of income filed, credit for TDS has been claimed but the corresponding receipts/income has been omitted to be offered for taxation. The above omission is a defect, as per clause (a) of the Explanation provided under section 139(9).
CAclubindia
