TDS
This query is : Resolved
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
25 January 2011
Yes he can claim as all professionals do.
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.
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.
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).
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).
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
- STCG....................................................
- Supply through E-commerce Operators
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Relief u/s Section 89
- Sales return eway bill
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- STCG on ETF gold & silver
- If there is Long term capital gain exists how much total income to be considered
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- 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
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
