TDS Claim
This query is : Resolved
23 February 2011
We raised the bill on the client on 31.3.2010 for commission charges. We follow the accrual system of accounting hence we booked this income in the year 09-10 itself. Our client booked the expense for commission in april 2010 i.e in the year 10-11. He also deducted and paid the tax in april 2010 i.e. w.r.t. asst yr 11-12.
Since we included the income for commission in the year 09-10 relevant to asst yr 2010-11. the question is in which asst yr we can claim TDS?
Since we included the income for commission in the year 09-10 relevant to asst yr 2010-11. the question is in which asst yr we can claim TDS?
S.A.BADAMIKAR
(Expert)
23 February 2011
TDS is to be claimed in the year in which your income is considered.Therefore in your case, you have to claim the TDS for A.Y.2010-11
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