Rectification u/s 154
This query is : Resolved
09 December 2015
Dear sir,
The problem is that we are maintaining books on cash basis and therefore claim TDS in the year in which income is received.
For A.Y 2014-15, we are claiming TDS brought forwarded from A.Y. 2013-14 but the same is disallowed by Department.
Moreover we have not claimed TDS in A.Y.2013-14.
This problem will continue for next years also as client deducts tax on accrual basis and we claim it on receipt basis...
Whether there is permanent solution of above problem....??
Please suggest if we file rectification request u/s 154, then same problem would also emerge in next year..
we want permanent solution..
Please suggest....
09 December 2015
File rectification u/s 154 and get tax credit. While filing the return Carry forward the TDS to next year stating the reason income considered in the next year.
09 December 2015
But sir,
If we go for rectification u/s 154, then in which option our case would fall...I mean to say that when we proceed for rectification u/s 154, there are several options available so which option we should select..??
10 December 2015
Select the option of tax credit mismatch. Enter TDS not considered earlier in the return.
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