Tds deducted by bank from provision for audit fee
This query is : Resolved
JAYAKUMAR.M.G
(Querist)
23 July 2013
Sir
TDS deducted by bank from Audit fee Provision as on 31-3-13.How can be treated the TDS credit available in Form 26 AS for FY 12-13,the work to be carried out only during April 13 and to treated as our income only in FY 13-14.Kindly clarify how the TDS credit will be treated in our firms assessment. Now it is proposed to claim the TDS credit during FY 12-13 and income will be recognised only next FY.Is it Correct?.If not correct pls suggest how to treat this.
RGDS
TDS deducted by bank from Audit fee Provision as on 31-3-13.How can be treated the TDS credit available in Form 26 AS for FY 12-13,the work to be carried out only during April 13 and to treated as our income only in FY 13-14.Kindly clarify how the TDS credit will be treated in our firms assessment. Now it is proposed to claim the TDS credit during FY 12-13 and income will be recognised only next FY.Is it Correct?.If not correct pls suggest how to treat this.
RGDS
Anil Sankar V
(Expert)
23 July 2013
you can claim the TDS credit for the FY 2012-13.not a problem.
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