Credit for TDS in computing Advance tax
This query is : Resolved
01 July 2008
Y Ltd recieved a TDS certificate in FY 2008-09 for its income accounted in FY 2006-07. Client of Y Ltd had not deducted TDS U/s 194J on payments made to Y Ltd in 2006-07; Client remitted TDS in 2008-09 and gave TDS certificate to Y Ltd.
Can Y Ltd claim credit for this TDS certificate while computing its tax laibility in FY 2008-09 ?
Can Y Ltd claim credit for this TDS certificate while computing its tax laibility in FY 2008-09 ?
04 July 2008
hi
That payment belongs to F.Y 2006/07 so that u r not eligibale to claim for F.Y.2008/09. Employer is required to made revised etds returns and u can also file the revised return with in one year from the date of filling of the original Returns.
That payment belongs to F.Y 2006/07 so that u r not eligibale to claim for F.Y.2008/09. Employer is required to made revised etds returns and u can also file the revised return with in one year from the date of filling of the original Returns.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Missed uploading GST Invoice
- GST on reimbursement of expenses
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Additional trade name
- Number of years as per AS amortisation of Goodwill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
