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This query is : Resolved 
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(Querist)
05 January 2021 Company A has to pay 1cr to B for their services..
A fails to pay his dues in same financial year.. and B comes to loss in thatt year due to non release of payment.
Now after few months A pays all his dues after deducting tds(@10%).. and files tds return showing transaction date 31st March..
So B is in loss for that year but but have 10lacs as tds in his 26as...

Now to do in such situations?
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Gokul Sharma

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Gokul Sharma (Expert)
06 January 2021 non receipt of revenue does not amount to loss.
you should have to book revenue in the year of rendering of service not on receipt basis.
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