Hello Professionals!
?How to deposit Self Assessment Tax or Advance tax to the credit of the Government???
the Assessee is carrying the business of Clearing and forwarding (CHA) and received from their customer reimbursement of expenses and the service charges but the customer has deduct the TDS on inclusive of reimbursement of expenses so there is a Mismatch in receipts as per ITR and 26 As . The assesee has not omitted any income but shown in the ITR as net (excluding reimbursement of Expenses) because the reimbursement of expenses is not the income of the Assesee so in that case how to be proceed with Income tax authorities . So please give your valuable suggestion on this matter along with any notification or circular if any .
Click here to view / answer Share it onWhy Faceless E-Assessment Could Lead to Harassment of Taxpayers Explains Income Tax Officers to CBDT