Consideration of tds
This query is : Resolved
Ashwini Rao
(Querist)
22 January 2019
One of our clients has migrated with his file to us. when we started preparing his accounts we observed that an income tax refund of the year A y 16-17 and 17-18 was received during May 2018. however his previous accountant had not shown the refund in his balance sheet. Now while we are filing his return for the A Y 2018-19, how should we consider the refund amount of previous 2 assesment years..
hatimbatti
(Expert)
22 January 2019
Dear ashwini you can directly pass the same to the capital account of the client.
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