claim of TDS URGENT
This query is : Resolved
26 September 2008
Our company has received TDS certificate of interest on security depositlast month for the F.Y.2007-08.But we have not accounted interest income in F.Y. 2007-08.We credited this income durinf F.Y. 2008-09.Can we claim TDS for F.Y. 2007-08 .Its very urgent
S.Srinivasaraghavan
(Expert)
26 September 2008
If it relates to FY 2007-08, why was it not accounted, please clarify.
26 September 2008
If you have not accounted the income you cannot claim tds of that income.
Ravikumar.G
(Expert)
26 September 2008
Co has to follow mecantile system of accounting. If you already file the return , better you can file the revise return.
CA Nitin Wadhwani
(Expert)
26 September 2008
U Can Also Take The Benefit in Next Year.
26 September 2008
But TDS certificate is for F.Y. 2007-08.than how can we take benifit next year
CA Nitin Wadhwani
(Expert)
28 September 2008
U can.
CA Nitin Wadhwani
(Expert)
10 June 2009
U/s 155(14).
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