Tds

This query is : Resolved

ravi agarwal (Querist)
Follow

29 June 2012 SIR
IF I RECEIVE A COMISSSION OF 25000 FOR THE MONTH OF MARCH 2012 ON 28 APRIL 2012 AND MY TDS WAS DEDUCTED @10%(RS 2500)ON SAME DATE i.e. 28 april , SIR THEN WHEN TO SHOW MY INCOME IN F.Y. 2011 - 2012 OR F.Y. 2012 -2012 AS I HAVE ALSO TO MATCH FORM 26AS OF GOVERNMENT..

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

29 June 2012 In that case show the income on 28th April, 2012. It was there duty (i.e., payee's) to make the provision in the month of March and deduct TDS in the month of March but since they have deducted and paid TDS in the Financial 2012-13 you also show your income in the return of Financial year and claim TDS thereon.

Also confirm that they will file the TDS Return showing deduction and payment in the month of April, 2012 i.e. they will file the return of above amount showing AY 2013-14.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok