Tds credit

This query is : Resolved

amarnath (Querist)
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01 July 2013 Dear All,

I raised the invoice in Feb 2013. But customer deducted the tax for the year 13-14(April 13).He will issue the Form 16A in the year 13-14,
Can i take the credit for the same for the year 12-13.

Ganeshbabu K

Ganeshbabu K (Expert)
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01 July 2013 No you cannot..

Please claim this tds in 13-14 only..

you need to claim your tds as per 26AS/form 16a

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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01 July 2013 SINCE THE DEDUCTOR WILL FILE TDS RETURN IN RESPECT OF FY 2013-14 YOU CAN CLAIM THE TDS AMOUNT IN THE RETURN OF FY 2013-14 ONLY.

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amarnath

amarnath (Querist)
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01 July 2013 But, we have recognized the income for the year 12-13(Invoice Dated 12-Feb-2013). It is default on the part of the customer for not deducting and remitting the TDS to the Govt.
Can't we tell them to revise the return for the last qtr for the year 12-13.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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01 July 2013 YES YOU CAN REQUEST THEM TO REVISE THE RETURN OF LAST QUARTER AND IF THEY DO INCLUDE THIS AMOUNT IN THE LAST QUARTER RETURN THEN YOU CAN CLAIM THE AMOUNT IN AY 2013-14,

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