C/f tds entry in itr- p&l sheet

SHIRISH S S (Proprietor) (1030 Points)
Replied 03 October 2017

I just want to show that 32K B/f is taken on income side as well as TDS side.

SHIRISH S S (Proprietor) (1030 Points)
Replied 04 October 2017

Just tell whether in ITR-4 (AY 2016-17) P&L sheet s.no 1 (B) (iv) we should write TDS amount.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178226 Points)
Replied 04 October 2017


	Just tell whether in ITR-4 (AY 2016-17) P&L sheet s.no 1 (B) (iv) we should write TDS amount.

If it is reflected in Form 26AS....... for the same AY 2016-17........ you can write !!!

SHIRISH S S (Proprietor) (1030 Points)
Replied 04 October 2017

Thanks sir.

But in AY 2015-16 32K TDs was C/F.

In Ay 2016-17 it is B/F.

Now i have to take 32K TDS which is B/F from previous year on income side and on Tax credit side.

We have to prove to tax authorities that this income is taken .

Thats why I am asking.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178226 Points)
Replied 04 October 2017

Read carefully your own experiece with department:::

"All TDS of AY 2016-17 is now fully consumed and B/F TDS of 32k still remained to be consumed.

Rectified the return in April 2017 with fresh TDS and got reply - no refund - No demand.

TDS credit given to the extent claimed. No fresh claims of TDS allowed."

SHIRISH S S (Proprietor) (1030 Points)
Replied 04 October 2017

No fresh claims of TDS allowed in rectification

YES THATS WHY I AM REVISING THE RETURN.

In revised return if I take only 32874 in TDs sheet without changing the income then I will be in trouble. Thats why I am asking whether gross receipts from services has to be increased by 32k or add TDS in 1 (B)(iv) bcoz my income always is

Receipts in Banks + TDS (pertaining to Income) - service tax.

TDS which is B/F is the only income left out. I hope my question is clear.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178226 Points)
Replied 04 October 2017

You question is very much clear.......... but method of claiming TDS refund is not as per departmental process.......

SHIRISH S S (Proprietor) (1030 Points)
Replied 04 October 2017

My accounting is on cash basis and my clients method of accounting is Mercantile.

So as per NOTIFICATION 28/2009 dated 16/03/2009 clause 3 (i & ii). TDS is carried over and taken in the year of actual receipts.

(3) (i) Credit for tax deducted at source and paid to the Central Government, shall be given for the assessment year for which such income is assessable.

(ii) Where tax has been deducted at source and paid to the Central Government and the income is assessable over a number of years, credit for tax deducted at source shall be allowed across those years in the same proportion in which the income is assessable to tax.

Problem is my CA after 26 years service to me has become old and not keeping good health. This return was filed by him. The same return i have taken and just TDS of previous year is B/F and taken in TDS sheet( tax credit side) and P&L sheet (income side). Where exactly to enter xtra 32k income i dont know in P&L sheet.