Form 16B and 26AS
Rajesh Goyal (57 Points)
15 March 2019
what is the implication if you don't have Form-16B in physical form , but entry is refected in 26AS?
2 Replies
Vivek Pptdar
(13 Points)
Replied 16 March 2019
kinldy ask the buyer to generate 16 B.....it acts as a proof that buyer has transferred the credit.....entries in 26 AS can be....i repeat can be due to WRONG PAN CREDIT TRANSFER......ACCORDING To you transaction has taken place.....but u dont have the 16b ...to avoid proceedings....please ask ur buyer to generate and give it to u
montee Idaiyar
(other)
(341 Points)
Replied 16 March 2019
Correct, but if its genuine entry in form 26AS, i.e if it belongs to you and the same is offered to taxation, then you can claim it.
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
