Tds provision in fy2013-14 and income booked in fy2014-15

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 September 2016 Our Service provider made TDS provision as on 31.03.2013 against expenses for rehandling of material during FY 2013-14 on amount Rs.631044 TDS provided Rs.12621/- and same has been appeared in our 26As in FY 2013-14.

We have submitted bills after negotiation of rate on 30.05.2014 for Rs. 914726/- while making payments our service receiver deducted TDS Rs.5674/- on base amount 283682/-. TDS provided Rs.12621/- already recovered from our another bills in April.2014.
We have avail TDS benefit in FY 2013-14 on the basis of form 26as. Our income Tax Assessment is starting and department ask pl. show your income against Rs.631044/- in FY 2013-14, which we have not booked in FY 2013-14 due to bills issued in FY2014-15. How sole the above query pl. guide.

Thanks & Regards

L.D.Dharmadhikari

Amol S Joglekar

Amol S Joglekar (Expert)
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28 September 2016 you can tell the department that the income is booked in the financial year 2014-15 whreas the TDS is considered in the financial year 2013-14. Nothing wrong in that

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