I have uploaded and verified my ITR-4 and my wife's ITR-1
There are no issues regarding ITR-1.
But still my TDS of one party is yet to be seen on 26AS. That party will file its ITR return on 30th sept. They will file TDS return when all the PAN nos of suplliers and subcontractors come in.
The party has given me fees with TDS plus GST and asked me to pay online which i did with his TAN . GST return are also filed properly
Accordingly I have taken tax credit . Since his accounting method is mercantile the party sometimes takes more expenses and accordingly in the last minute takes different TDS.
In that case I have to revise return which may be beyond 30th sept.
My q whether there is penalty for revised return if filed after 31st july.???
CAclubindia
