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Tds


Querist : Anonymous


Querist : Anonymous (Querist)
if tds deducted on income recieved is not claimed then income should be net of tds or gross?


Income will be taxed on gross basis even if TDS is not claimed

Querist : Anonymous


Querist : Anonymous (Querist)
where is tds amount adjusted then? Which a/cing head

For accounting purpose you have to enter TDS amount but as TDS is not claimed in Income Tax Return then Income will be taxed in Gross amount basis

Querist : Anonymous


Querist : Anonymous (Querist)
but asset definition says asset to be recognised if future economic benefit is expected to be recieved but as tds is not claimable then the benefit criteria is not satisfied, plz help

Querist : Anonymous


Querist : Anonymous (Querist)
but asset definition says asset to be recognised if future economic benefit is expected to be recieved but as tds is not claimable then the benefit criteria is not satisfied, plz help


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