TDS
This query is : Resolved
19 May 2009
The CA firm is followed Cash Basis of Accounting System. The client of the firm has created a provision of audit fees on mercantile basis. So, the client has deposited TDS within Due date of TDS. In which year CA firm claimed TDS???
FY 2008-09 RS 500000 is provided in the books of client. He has deposited TDS in April 2009. The fees is received in the month of Aug 09. So income will be Recorded in FY 2009-10.
TDS is claimed in FY 2008-09 or 2009-10????
FY 2008-09 RS 500000 is provided in the books of client. He has deposited TDS in April 2009. The fees is received in the month of Aug 09. So income will be Recorded in FY 2009-10.
TDS is claimed in FY 2008-09 or 2009-10????
20 May 2009
Hi,
TDS should be claimed only in the year in which income in respoect of that TDS is booked hence claim of TDS should be taken in F.Y. 2009-10 i.e. the year in which the CA Firm has shown income in the books
TDS should be claimed only in the year in which income in respoect of that TDS is booked hence claim of TDS should be taken in F.Y. 2009-10 i.e. the year in which the CA Firm has shown income in the books
20 May 2009
hi,
In view of the amendment in section 199 w.e.f. 1/4/2008 , the assessee can take the credit of TDS in the F.Y. 2008-09.
In view of the amendment in section 199 w.e.f. 1/4/2008 , the assessee can take the credit of TDS in the F.Y. 2008-09.
22 May 2009
No.
Tax can claimed only in the year in which income is booked as per rule 37 of the income tax rules, 1962 and there is no other section governing this.
Tax can claimed only in the year in which income is booked as per rule 37 of the income tax rules, 1962 and there is no other section governing this.
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
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
