Quarterly return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 March 2010 Sir,

My client is working with a co. as a consultant n payment is made to him tds deducted u/s 94j. He had joined the co. in A.Y. 2009-10 in jan 09 payment made to him in feb 09 for the month of Jan 09 tds deducted & deposited in feb 09. Then in the month of april 09 tds was deducted and deposited for march 09, but while furnishing form 27A for the period of 1/1/09-31/3/09 i.e. last quarter the amount of tds to be deducted in march 09 bill was deposited on 9th april so whether this amount will be added in march 09 return or not?
Can u please explain me the above in detail.

Regards

CA. VIKAS GUPTA

CA. VIKAS GUPTA (Expert)
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04 March 2010 Hi,
yes, the amount of bill for the month of march-09 will be added in form 27A. As per the accrual system of accounting, provision for march-09 will have to be made in the month of march-09 itself and hence TDS will be deducted in march-09 only since TDS is deductible at the time of payment or credit whichever is earlier hence form 27A will inclued amount of bill for the month of march-09 also.