how to avail form 16b tax credit in itr4 as it is not giving any option to claim tds reflected in traces under 1%tds
siva andhavarapu (ca final) (388 Points)
02 November 2017how to avail form 16b tax credit in itr4 as it is not giving any option to claim tds reflected in traces under 1%tds
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170177 Points)
Replied 02 November 2017
Give more details about section under which TDS deducted, nature of business, turnover etc.....
siva andhavarapu
(ca final)
(388 Points)
Replied 03 November 2017
sir
it is a contract business and the assesse want to file under 44ad and tds was deducted under 194ia
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170177 Points)
Replied 03 November 2017
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it is a contract business and the assesse want to file under 44ad and tds was deducted under 194ia |
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You must be aware that the contractor business is different and
TDS u/s. 194ia is on sell of any property worth 50 lakhs or more............
Check details of Business Turnover? also Contract turnover? any capital gains? and file return........
siva andhavarapu
(ca final)
(388 Points)
Replied 04 November 2017
SRY SIR
ITS NOT CONTRACTER ITS CONSTRUCTER..HE SOLD THE PROPERTY AND TDS WAS DEDUCTED BY BUYER UNDER 194IA.HOW TO CLAIM THAT TDS AS REFUND WHILE FILING THE RETURN UNDER 44AD.(IN ITR 4 TDS AMOUNTS ARE NOT REFELCTING FOR THESE TRASACTIONS AND ALSO NO OPTION TO GIVE MANUALLY ALSO)
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170177 Points)
Replied 04 November 2017
Is the TDS amount reflecting in Form 26AS?
If yes, prefill the ITR 4....... (there is prefill option in the ITR utility itself, click that)
siva andhavarapu
(ca final)
(388 Points)
Replied 04 November 2017
YES SIR
ITS REFLECTING IN 26AS AND I GIVEN PREFIL ALSO.BUT ITS NOT APPEARING IN THE RETURN.EVEN IN THE ITR NOOPTION GIVEN FOR FORM16B.THERE IS OPTION FOR TDS IN FORM 16 AND 16A
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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