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Tds deduction on income

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19 October 2015 Hi,

Please help me for the following:

i have a hospital and we serve to RSBY patient on credit and then get the payment directly from the concerned authority. However, we are not supposed to charge the Service Tax but they deduct the TDS @10% on each invoice.

My question is how to treat the tds in my books as of now my hospital is in loss so i can not get the benefit of the TDS.

Thanks and Regards,

RJ

19 October 2015 You can book the same in TDS Receivable A/C under Current Assets and can claim refund at the time of filing Income tax return.



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