| Question And Answer | |
|---|---|
| Subject: | TDS Credit not Allowed by CPC for AY 2023-24 |
| Category: | Income-Tax |
| Querist: | Sivakumar.E |
| Answered by: | Reply of the Expert is awaited; |
| Tags: | CPC, credit for TDS, Credit of TDS, Processing of Tax Return by CPC |
| Date: | October 24, 2024 |
As i have income from salary as well as business income for AY 2023-24. I have offered the full salary as income and claimed the TDS inrespect of Salary. With regard to my business income my GST turnover was around 26 lakhs. But my clients have deducted TDS for Rs.34 lakhs which includes GST amount and advance I received from client. Hence I have offered the GST sales ie.Rs 26 lakhs as my receipts and from that offerd income u/s 44AD. And for balance amount i have carried forward the TDS to next year. But CPC allowed the tax xcredit in the proportion of whole income not as per headwise (ie. Salary & Business). Now Rectification oerder also confirms the same demand.
What sohuld be the next step..
Reply of the Expert is awaited. Please check back later
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