my client sold Rs. 6,50,000 articles of handicrafts to bsnl. they have deducted TDS @ 10%.
In form 26AS the amount was shown. under the head amount paid/credited Rs.6,50,000. was shown. actually it was sales amount. how can we show as an income.
3 Replies
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 14 September 2020
It would form part of your sales turnover figure if you make a P/L
CA NEHA RAMPURIA
(Taxation Consultant)
(1823 Points)
Replied 14 September 2020
650000 will be included in the turnover , calculate your ne tprofit and income from pgbp . and take refund of your tds
Krishna Chaudhary
(Accountant)
(4531 Points)
Replied 16 January 2021
So it is a normal business income
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