Income and TDS.Please help
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 July 2010
I have received Rs 90,000 as advance in the year 2009-10 on which TDS has been deducted and TDS certificate is received. Do we have to offer the above as income as TDS has been deducted or is it ok if i take it as advance received? If i have to offer it as income, kindly mention the relevant section.
10 July 2010
tds for the period can be claimed only for that financial year.in case the advance is nonrefundable then claim in the same financial year for avoiding the nitty-bittis in future .it usually arises in case of rent advance
Message likes :
1 times
11 July 2010
if it is advance salary then it must be taxable as per section 15 on receipt basis in the same financial year
Message likes :
1 times
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 registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- TDS on Fixed Assets purchased
- TDS on purchase of under construction property from a reseller
- GST Intimation due to Government took possession of Business Premises under PPE Act
- GST ISSUE OF INPUT AND OUTPUT GST
- Change Of Karta In Case of Death
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
