Tds & income against it

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 June 2013 Suppose i have received a cheque and deposited in Bank on 30th march and cheque cleared on 2nd april. But TDS credit appears on 28th march itself.

Should i show such amount as income or just receivable?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
29 June 2013 Take the income and TDS in March.
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Querist : Anonymous

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Querist : Anonymous (Querist)
29 June 2013 But my bank balance then does not tally. As on date of balance sheet I dont have that balance in my bank.
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Querist : Anonymous

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Querist : Anonymous (Querist)
29 June 2013 But my bank balance then does not tally. As on date of balance sheet I dont have that balance in my bank.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
29 June 2013 Accounting to be done on accrual basis.
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