TDS
This query is : Resolved
09 July 2009
How credit will be distributed if TDS certificate in the joint name.
How the income will be booked and tds be claimed?
How the income will be booked and tds be claimed?
09 July 2009
Credit for TDS shall be allowed in the same proportion in which such income is offered for taxation. This is from Circular 5 dated 02/3/2001 reported in 248 ITR (st) 241 issued in respect of advance rent. Therefore the same analogy can be adopted for certificates issued in joint names.
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