when T.D.S can be claimed ? urgent
This query is : Resolved
madhur gupta
(Querist)
20 October 2008
hello friendz
if assessee is maintaining books on cash basis as in case of professionals
my quest.is his t.d.s (relate to his professional services or any one) which is deducted by his clients on 31.03.2008 but he didnt recieve money in next financial year only.so when he can claim that t.d.s ie.in 2007-08 or 2008-09
bcoz in my view as assessee is maintaing books on cash basis n that t.d.s has been deposited obviously in april 2008 so he should claim t.d.s when actually that t.d.s is deposited..........
but will dept.accept this plea
plz guide
thankx
if assessee is maintaining books on cash basis as in case of professionals
my quest.is his t.d.s (relate to his professional services or any one) which is deducted by his clients on 31.03.2008 but he didnt recieve money in next financial year only.so when he can claim that t.d.s ie.in 2007-08 or 2008-09
bcoz in my view as assessee is maintaing books on cash basis n that t.d.s has been deposited obviously in april 2008 so he should claim t.d.s when actually that t.d.s is deposited..........
but will dept.accept this plea
plz guide
thankx
20 October 2008
In 2008-09 by virtue of section 199(1) of the incometax act,1961.
madhur gupta
(Querist)
20 October 2008
thankx
but if i start maintaining my books on accrue books then i can show income now n can claim t.d.s now also
is it so?
but if i start maintaining my books on accrue books then i can show income now n can claim t.d.s now also
is it so?
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