Question ID : 40704

TDS CREDIT MIS MATCH

Q. The assessee is carrying the business of clearing and and forwarding agents and the assesee has received amount related to his services as well as out of pocket expenses ( pure Agent) services and the Assessee Customer has deducted the TDS on out of pocket ( Pure agent ) services also. at the time of filing of the ITR the Assessee has shown in the profit and loss account only the services which he has rendered not the out of pocket expenses since this is not income .after filing of ITR they have received the intimation as defective notice. the assessee has submit the reply against this defective notice by way of note that out of pocket expenses is not the income of the assesee this is pure agent services and customer has deduct the TDS . Now the asssee has received the Intimation u/s 143( 1) in which TDS Credit is Mis match showing in the statement while full tds are reflected in 26 AS till date. Please sugeest what are remedies for that and we should file the rectification . please give your valuable suggessions for that.

posted by GOPAL KUMAR AGRAWAL on Jul 2 2020 12:00AM