tds related
This query is : Resolved
23 June 2008
iam maintaining books on cash basic. i raised bill in the year 2006-07 and received payment in june 2008 and showing income in the year 2008-09 than in which year i shoul claim tds.
24 June 2008
TDS Credit is allowed in the year in which the corresponding income is assessable to Income Tax. Hence, u can claim the credit in AY during which u have shown the income in the books
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