Claim of tds of previous year
This query is : Resolved
02 June 2016
Can i claim TDS of last year which is shown as debtor in last year audited balance sheet and which is deposited by deductor in this financial year?
What is the process for claiming this TDS
What is the process for claiming this TDS
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Ganeshbabu K
(Expert)
02 June 2016
You need to revise tds return of relevant assessment year in case of revision in tds credit in your form 26AS
02 June 2016
But in Signed Audited Balance Sheet TDS is not shown and shown as debtor balance.
Whether this TDS can be claimed in this Financial Year?
Whether this TDS can be claimed in this Financial Year?
Ganeshbabu K
(Expert)
02 June 2016
same has to be rectified accordingly in next year.
claiming tds credit in income tax return and books of accounts has no relevance, if you have credit in form 26as incometax dept will allow the same
claiming tds credit in income tax return and books of accounts has no relevance, if you have credit in form 26as incometax dept will allow the same
Rupesh Jain
(Expert)
02 June 2016
you can pass the journal entry in books in current year. and make correction of debtors a/c
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