relating to itr filling

280 views 13 replies

suraj kumar agarwal

student

83 Points Joined March 2012

one of my relative is a contractor and he receives rs.44 lac as contract income in f.y 17-18 and also shown in 26AS but company wrongly deducted TDs u/s 194j instead of 194c . he does not want to file his return in itr 4 under sec 44ada

because in 44ada we have to show our income 50% of receipts but he told that he has some genuine expenditure and his total income 5.5 lac approx ...
so can I file his return in itr 3 and after deducting expenditure can I show his income 5.5 lac approx and whether he faces any problem to get his TDs refund ....
I also want to know whether tax audit is required in his case or not ...

Replies (13)

RAJA P M

"Do the Right Thing...!!!"

128121 Points Joined January 2015

Consider with Deductor and revise the TDS return with 194C...

suraj kumar agarwal

student

83 Points Joined March 2012

deductor does not agree to rectify it ...so if I fill itr 3 to consider professional income so will I face problem because itr 3 can be filled by businessman or professional also ...

Guest

It's not possible to revise the TDS challan by Deduct or. Better u can file ITR 3

Guest

Also maintain the books of accounts. Prepare P&L and balance sheet

suraj kumar agarwal

student

83 Points Joined March 2012

yes I already prepared p/l and b/s

Guest

Supporting documents also required as per records (in case of scrutiny) prepare records according only.

RAJA P M

"Do the Right Thing...!!!"

128121 Points Joined January 2015

(deductor does not agree to rectify it)
Better to explain the nature of works... and ask with revise...

@ RatAnu.,

(It's not possible to revise the TDS challan by Deduct or.)

Can You explain "Why not possible revise the return...?"

Are you have any details...?

Guest

Because he paid the TDS amount u/s 94J to bank in govt account so now he can't change the details of challan

RAJA P M

"Do the Right Thing...!!!"

128121 Points Joined January 2015

Why not...?
As per your view.,

Then why revised return in TDS sections...?

If file ITR then which business related code will be select?

Please better to give all possibilities to Querist...!

Guest

Can you solve the problem how to revise the TDS challan before tds return?? Give proper answer without criticism with other experts.. Be professional first

Guest

Read query carefully he already mention the approx profit. Also having books of accounts than he can file ITR 3 which is good to ITR 4

RAJA P M

"Do the Right Thing...!!!"

128121 Points Joined January 2015

(Can you solve the problem how to revise the TDS challan before tds return?? Give proper answer without criticism with other experts.. Be professional first) okay dear... Thank you for the words of "be professional first"... You doing professionalism here. So, enjoy Yourself.... Good Luck.

Guest

You can file ITR 3 with business income and your profit and loss account. Tax deducted under different section doesn't change the substance. You need not to pursue them to revise their return, and give you back excess tax deducted.