I am an partners in 1 LLP. I am having Income of 38 Lacs during FY 22-23 with TDS credit of 3.80 Lacs but in my 26AS Income reflected of INR 42 Lacs and tds 4.20 Lacs because my client considered 4Lacs provision and paid tds on it for April 23 Invoices.
So do I need to shown turnover of 38 Lacs of 42 Lacs in Income tax ?
17 July 2023
If you have any supplies made in FY 2022-23 for the amount of Rs. 4.00 lakhs, you can consider the exact amount of it as per bill; otherwise consider only 38 lakhs and relevant TDS of 3.80 lakhs, remaining TDS amount you can carry forward.
CAclubindia
