TDS Credit in Online ITR-4

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This query is : Resolved

CA Sanjay Baheti (Querist)

29 June 2011 My self is practising CA since last 2 Years. During the F.Y.2011-12 I have carried out Statutory Branch Audit of Indian Overseas Bank related to F.Y.2010-11. I got the payment towards Professional Fees in May ,2011 along with TDS certificate realted to F.Y.2010-11. Though I have taken this TDS certificate in My online ITR-4 related to F.Y.2010-11 but claimed in Next F.Y.i.e.2011-12 in which I received my professional Fees based on cash /receipt basis. Now query is whether i can get the TDS credit in F.Y. 2011-12 or not pertaining to Income in which the same is received on cash basis.

Please clarify & revert back if any one Member followed the same practise.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)

30 June 2011 It is not right to say that you have claimed the amount in the next FY. You have yet to claim the same.
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It can rightly be said that you have not claimed any amount in the ITR-4 of AY 2011-12 out of the TDS amount shown in the return recently filed by you.
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You will definitely get the claim in the next Assessment Year i.e. AY 2012-13.
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