year of TDS - credit
This query is : Resolved
28 July 2008
A firm folloiwng cash system of accounting received professional services from a company on 1st April 08.
The company issued the TDS certificate showing period of payment as FY 2007-08 Asst. Year 2008-09.
Query :
In which year the firm can claim credit of TDS ?
Whether the firm can credit the TDS for the asst year 2009-10
The company issued the TDS certificate showing period of payment as FY 2007-08 Asst. Year 2008-09.
Query :
In which year the firm can claim credit of TDS ?
Whether the firm can credit the TDS for the asst year 2009-10
CA Anand Sarda
(Expert)
28 July 2008
The year in which the assessee shows the income for which tds is deducted, he can claim tds in that year.
In the present case, since assessee is following cash system of accounting., he can claim TDS in F.Y 2008-09.
It doesnot affect for which year the TDS certificate is issued.
In the present case, since assessee is following cash system of accounting., he can claim TDS in F.Y 2008-09.
It doesnot affect for which year the TDS certificate is issued.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Taxation of crypto futures in India Fy 2026- 2027
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
