Tds 26as assessment year change
This query is : Resolved
03 February 2018
Hello Experts,
Is assessing officer has the power to change 26AS assessment year of some customers to give tds credit other than 26AS Assessment year.
Scenario is we have offer our revenue in the FY 2016-17 but customer has deducted & deposited the TDS not in the FY 2016-17 but in 2017-18. In all ways we tried to convince the customers but not suceeded.
Tds is in nature of contract or professional services. We prepared our books of accounts accrual basis so kindly help us if any case laws/way for remedy to us for our tds credit in the FY 2016-17.
Thanks
Is assessing officer has the power to change 26AS assessment year of some customers to give tds credit other than 26AS Assessment year.
Scenario is we have offer our revenue in the FY 2016-17 but customer has deducted & deposited the TDS not in the FY 2016-17 but in 2017-18. In all ways we tried to convince the customers but not suceeded.
Tds is in nature of contract or professional services. We prepared our books of accounts accrual basis so kindly help us if any case laws/way for remedy to us for our tds credit in the FY 2016-17.
Thanks
03 February 2018
Assessing officer has no such power to change assessment year.
Rectify the books, account this transaction on cash basis and file the return Based on TDS deducted and remitted.
Rectify the books, account this transaction on cash basis and file the return Based on TDS deducted and remitted.
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