Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 April 2013 Dear Sir,
My client will deduct tds on my professional fee for the taxation services provided for 2nd to 4th quarter of fy 2012-13. As I will issue the bill in the month of April 2013, then this payment and deduction will come in the 1st quarter of fy 2013-14. Whereas this bill was raised for the services provided for the fy 2012-13.
Now my question is that, I should show it in my IT return of fy 2012-13 on the accrued basis
or
I should take it in the IT return of fy 2013-14, as it will be displayed in the form 26AS of 1st quarter of fy 2013-14.

Please advise me.
Rgds.

CA Vikas Acharya

CA Vikas Acharya (Expert)
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21 April 2013 as you raising bill in april 13. book it in you books in 13-14, and claim it next year i.e, fy 13-14.
Again, if it wil show in 26as of 13-14, then claim better to claim it in 13-14, not now.