TDS

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CA Sanjay Baheti (Querist)
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25 January 2011 If the deductor of TDS follows accrual system of accoutning and deducts TDS from the deductee in Mar -10 and the deductee follows cash system and recognises the income in April 10, when he actually receives the income , can the deductee calim TDS credit for FY 2010 -11 , since the deductor will have entered FY 2009 -10 in the TDS return which will be reflected in Form 26 AS

Aditya Maheshwari

Aditya Maheshwari (Expert)
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25 January 2011 Yes he can claim as all professionals do.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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25 January 2011 In such case the deductee is required to show the amount of TDS as the income for AY 2010-11, because, it is a kind of receipt.

Ratan Sharma

Ratan Sharma (Expert)
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25 January 2011 It is difficult to get the credit of TDS as there is no such information in 26AS of F.Y. 2010-11. Therefore no credit will be allowed. Perhaps assessee will have to file rectification application with A.O. to get the credit. Can't say surely. There is no such information in ITR to explain such problem. But certainly no credit of TDS will be given in intimation u/s. 143(1) due to absence of TDS information in 26AS.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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25 January 2011 As per section 199 u can show claim TDS in the year in which income is shown.

If the ITR the date as per TDS certificate will be written and once that is matched with the TDS credit in 26AS credit for the same will be given in intimation u/s 143(1).

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