25 August 2008
One of My Client (Pvt Ltd Company) had filed the return of Assessment Year 2007-08 in due date. its a Refund Case around 1,50,000/-. After 6 months they received one more TDS Certificate for AY 2007-08 from one party around rs.75,000/-. (Already Income Part Considered in P&L A/c only TDS Claim is not done) shall i file the revised return or shall i consider that TDS Certificate now & Claim the same for AY 2008-09. Pls Help me out regarding this.
25 August 2008
Its Better to Claim in AY 2008 - 09
also you are going to get refund in AY 2007-08..
if u file ur revised returns your assessment may be delayed...
however if there is any tax payable... in AY 2007-08 you may think about revised returns.. so u may not be paying any interest if that TDS covers the tax payable.
CAclubindia
