Tds claim

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 September 2015 I Issued the Commission bill to the party as on dated 31.03.2015. the party also booked this commission bill in 31st march-2015. but TDS is not paid in the same financial year.
the party has deposited tds amount in financial Year 2015-2016 and also file TDS return in the Financial 2015-2016. at this position we can take the credit of the same tds amount.

CA Mukund Sarda

CA Mukund Sarda (Expert)
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25 September 2015 If TDs was deposited by the party before 15/05/2015 & the same was reflected in its TDS retur for Q4 of FY 2014-15; then only yu shal take credit in that year. Otherwise take credit in the next FY. i.e. FY 2015-16.

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