Hi sir,
one of my colleague had a govt. client, where my colleague recognized Taxable value as income in books as per invoices, but govt. client deducted TDS on invoice value in that year, by this 26AS income is more than books as per IT department concern.
finally department issued 139(9) notice of defective return due to turnover difference...
how should I reply to department with proper reason...
is there any rule to govt. to deduct TDS on Invoice amount?
Please help in this regard...
Menu
Reg : TDS deducted on Inv amount
Replies (1)
Taxable value in books should be Invoice value and if shown value is after deducting TDS, then it may be the reason for mis-match in values between books and 26AS.
you may also ask Govt client to reconcile this difference
you may also ask Govt client to reconcile this difference
Recent Topic
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
- Gold/silver etf. STCG. how to decalre in ITR at s
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
- What's the ONE thing about GSTR-2B / IMS reconcili
Related Topics
CAclubindia
