16 August 2013
I have recieved a notice u/d 142(1) & the income tax officer has asked me for a reconciliation of Income as per P&L & 26 AS. However my 26 AS shows some rent income of about Rs 15.5 lacs from a party & the TDS for the same is deducted but there is no such income which my company has earned. Kindly reply asap as to what needs to be done.
16 August 2013
You should immediately contact the person who has deducted the tax and shown in 26AS and ask him to correct the details of 26AS and at the same time you deny this income as it is not earned by you. You can also request the ITO to call for information u/s 133(6) for correctness of your statement that you do not have any such income
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