tds difference

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kiran keni (Querist)
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14 August 2008 for the f.y. 2006-2007 we had deducted tds on sub contract work to party Mr.A, however the certificate was received late by him & he had already filed income tax return. Can he claim tds in f.y 2007-2008? both of us follow accural system.

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
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16 August 2008 If, Mr.A has followed accrual system ,then it is clear that he has recognised his income in year 06-07 itself and paid taxes on that income. Now, in my opinion, he should claim TDS in 07-08, and later on in assessment proceedings, if ask, he can present his explanations to prove this effect.

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