banner_ad

TDS PROVISON WE ARE MAINTANING A/CS CASH BASIS

This query is : Resolved 
Profile Image

Profile Image

(Querist)
14 August 2008 A PROFEESSIONAL PERSON MAINTAINS HIS A/CS IN CASH SYSTEM DURING THE YEAR PARTY MAKE J V PROFFESSIONAL FEES PAYABLE & TDS IS TO BE DEDUCTED & HANDOVER TO US WHETHER THIS TDS AMOUNT IS TAKEN AS INCOME IN OUR BOOKS OR WHEN WHOLE AMOUNT IS RECEIVED THEN TDS AMOUNT IS TAKEN AS INCOME
Profile Image

CA. PRASAD

Profile Image

CA. PRASAD (Expert)
15 August 2008 sir, to my opinion, when a professional maintains his accounts in cash system during the year then he will have to show the income of the receitps on cash basis only even if the party makes JV and TDS on mercantile basis. further, the professional can claim the TDS made by the party in the year in which the respective receipts are actully received by him even thogh it may relate to any previous year.
Profile Image

CA.Tarun Maheshwari

Profile Image

CA.Tarun Maheshwari (Expert)
16 August 2008 In my opinion, TDS amount shall be taken as Income for the year. Rest amount shall be considered income of the year, in which it is actually recieved.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details