29 November 2013
Our client is Professional Architect following CASH BASIS METHOD of Accounting, since the INCOME of assesses is taxed in the year of receipt, and proportionately the TDS on the same income is to be claimed by the assesses in the year of receipt of the INCOME only. Therefore the details of TDS claimed and credit shown in 26AS may mismatch.
TDS claimed in AY 2010-11 in Return of Income, is corresponding credit as therein 26AS of AY 2010-11 or its preceding year.
We have submitted many letter in the Income Tax department but they not helping to resolve the matter in giving credit for TDS.
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