05 November 2015
Hi, TDs was deposited by a party (deductor) u/s 194J on 02/12/2014, whereas income tax return for AY 2014-15 was filed by assessee on 14/08/2014 for AY 2014-15.
The TDS of Rs 12000/- was not claimed as it did not appear in 26AS at the time of filing return. The return was delayed because the assessee waited for the party to deposit the tax. As we didn't know the amount, we could not even carry it forward. T
he professional receipts Rs 120000/- on which the said tax is deducted are already taxed in the AY 2014-15.
05 November 2015
I would suggest you revise the income tax returns for AY 2014 -15 and claim the TDS and show it as carried forward. In AY 2015 -16 claim it as brought forward.
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Guest
Guest
(Querist)
05 November 2015
Thanks for the reply. The return for Ay 2014-15 was delayed, so we cannot revise it. Is there any other way?
05 November 2015
My suggestion would be to file the revised returns though it is invalid the website will accept it. Once it accepts the credit should also automatically get transferred. In case you get a better alternative try it. :D
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