Query on Sec 194J
This query is : Resolved
Guest
Guest
(Querist)
08 August 2008
In case of cash basis of Accounting. When TDS is deducted at year end, is it sufficient to consider the amount of TDS as income for that year and the remaining amount the next year OR should we take the actual income and then claim the TDS.
08 August 2008
u/s 194J cassh systems of a/cing are maitain so only tds amount is taken as receipts
08 August 2008
Dear Sandhya, I think, you have asked this question earlier too in another way. Earlier my answer was little wrong. But now i am clear. CA Hemant is absolutely correct. If Rs. 10000 is deducted as TDS on Rs 100000/-, then only Rs. 10000 shall be taken as income of that year plus any amount actually recieved out of Rs. 100000. Hope, you will be satisfy now.
Guest
Guest
(Querist)
08 August 2008
Thank you.
I am quite clear now
I am quite clear now
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