Hi, I am a Contractor, the turnover of my contract receipt for the A.,.2009-10. is 22 Lakhs, i do not maintain any kind of books of account yet, I have a current account in the name of my firms.
My two brothers are also in the same business in the same name, and they have made equal transaction in my current, account total bank transaction crossed 65 lakhs,
Recently i have contacted a C.A. for my this A.y.10-11year account because it has crossed 40 lakhs, and he registered my PAN for 26AS and founded that, there is a TDS 144000.00 for A.Y.2009-10, Which i have already returned the file according to my exact income.
Where i have claimed the TDS Refund according to my exact income 22lakhs,
but now the CA saying that we can claim the TDS refund according to the 26AS after deducting the Income Tax payable as 44AD for A.Y. 2009-09, but i have already claimed the refund according to my actual income.
He is saying no need to go for the Audit and revised of the return.
My friend says, it is must that i have to go for the revise of the return and Audit,
I am confused now, please suggest me which is the best way to come out from this.