CA Saurabh Singh
(Practising Chartered )
(974 Points)
Replied 15 July 2016
Hello Jatin,
The amount shown in 26As is excess, as the income which has been not earned by you and also TDS deducted on the same.
Simply ask the party to revise their TDS return and you can file our return as per your true income
Jatin
(B.Com)
(473 Points)
Replied 15 July 2016
Dear Saurabh,
Thanks for your quick reply but party refused our request for revise return (Some Business Disputes) therefore i claimed TDS amount according to form 26AS but income shown actual in income tax return & balance sheet.
Regards
CA Saurabh Singh
(Practising Chartered )
(974 Points)
Replied 15 July 2016
Then the income tax shall send you a notice u/s 143(2) and raise your income with the difference between your actual income and 26AS.
CA Saurabh Singh
(Practising Chartered )
(974 Points)
Replied 15 July 2016
You will have to pay the difference, or else you should show your income as per 26as and tds as well
Jatin
(B.Com)
(473 Points)
Replied 15 July 2016
Dear Saurav,
Thank you very much.
Please guide me if tds claimed by us in income tax return according to our calculation as per our income. It is Ok (Not claimed according to 26AS)
Regards
CA Saurabh Singh
(Practising Chartered )
(974 Points)
Replied 15 July 2016
Yes,
But if in future there is any notice from income tax do you have proof of your income and TDS
Jatin
(B.Com)
(473 Points)
Replied 15 July 2016
Dear Saurav,
Again thanks Sir, but tds mismatch problem ho jayegi
In Case how file income tax return & how to show
Regards
CA Saurabh Singh
(Practising Chartered )
(974 Points)
Replied 15 July 2016
Agar apni party se revise TDS return nahi file ho sakta hai, then itbwould be better that you show your ITR as per 26AS.
Means Income b whi lelo and Tds bhi wahi lelo.
Or else kaha Income tax walo ko samjhate phiroge k matter kya hai
CAclubindia
