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Wrongly tds claimed

TDS 379 views 11 replies

My client recd.  tds wrongly claimed amount recd. Now repay to govt. how to pay and which head payment challan (e.g) self asst. tax or Regular asst. tax

Replies (11)

Self Assessment tax .......... (as no demand being raised from ITD)

Wrongly claimed tds amount where can i show column ITR FORM 1

Just revise the return without claiming TDS in TDS2 (or TDS1, as the case may be), and pay additional tax liability, with interest if any. If already refund received, add that much amount back in tax liability.

DEAR SIR, THANKS LOT SIR

Dear sir,

One more another question ?

My client purchased lorry                           = 15,00,000

Less :01.04.2016 Depreciation value           =   2,25,000 (1 Year)

                                                                ------------------

Opening balance on 01.04.2017                      12,75,000

                                                                ------------------

08.01.2018 on dated sales lorry   value  =        12,50,000

 

 

               

My question

Which amount can i take pay tax (Short term capital gain from depreciable assets)

 

 

Depreciation not charged for 2017-18, hence STC Loss of 25K.

Originally posted by : AUDITOR VINOTHKUMAR
Dear sir,

One more another question ?

My client purchased lorry                           = 15,00,000

Less :01.04.2016 Depreciation value           =   2,25,000 (1 Year)

                                                                ------------------

Opening balance on 01.04.2017                      12,75,000

                                                                ------------------

08.01.2018 on dated sales lorry   value  =        12,50,000

 

 

               

My question

Which amount can i take pay tax (Short term capital gain from depreciable assets)

 

 

Thanks fo reply

 

If sale amount 18 laksh diff amount taxable?

12,75,000 - 18,00,000 = 5,25,000 (taxable amount)

 

 

Obviously

 

https://www.caclubindia.com/forum/income-tax-on-brandband-internet-service-486939.asp

sir, pls above querry reply

Sorry, I don't interfere........

https://www.caclubindia.com/forum/auction-of-scraps-by-govt-deptt--493639.asp


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