Section 194 j
This query is : Resolved
12 December 2012
I want to clarify the following matter
It is a situation in my bussiness that suzlon infrastructure services ltd. had deducted my TDS of Rs 175086 in AY 08-09.Tds certificate had received after the filling of return of 08-09.As per the income tax rule collection of tax is effected at the source when income arises or accrues. In my case income was arisen in the year AY 09-10 so TDS was considered in the same year.
Kindly clarify the above matter as possible as early and if there is any case law kindly send me it with your clarification.
Thanks in advance.
It is a situation in my bussiness that suzlon infrastructure services ltd. had deducted my TDS of Rs 175086 in AY 08-09.Tds certificate had received after the filling of return of 08-09.As per the income tax rule collection of tax is effected at the source when income arises or accrues. In my case income was arisen in the year AY 09-10 so TDS was considered in the same year.
Kindly clarify the above matter as possible as early and if there is any case law kindly send me it with your clarification.
Thanks in advance.
13 December 2012
IT WAS NOT UNDERSTOOD WHY THE INCOME AROSE IN 2009-10. IF IT IS SO, YOU CAN LOOK INTO SECTION 199.
20 December 2012
Thank u sir
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