24Q Q4 Tds demand

May I know under which circular or notification on which the CBDT or any relevant authorities have issues such cirular regarding taking suo motto or unilaterally Internal Financial Year For TDS For Government Companies i.e., March To Feb???

Also if we talk about the general accounting assumptions which was duly followed while framing any laws or regulations then the Financial Statements on account of above wouldn't be comparable.

Also as per the law of section 194 regarding TDS, The Word, "AMOUNT PAID/CREDITED OR DUE WHICHVEVER IS EARLIER" is there.

Then could your please tell me any circular with valid statements at the outset of above statements Mr. Eswar Reddy S - As I am also an Internal Auditor for Government Company and I am facing this issue which as far as the concepts are concerned - Wrong I guess???

Then your must be cautious with your words while posting information or views as I can see that you holds a valuable and a credible personality on this platform.

Anyways I am still unresolved as I didn't received a credible notification or circular duly authorized by the Govt. Of India or any Govt. Authorized Authorities or Regulators or even an Act of Parliament.

Request you to please share that as you might know that in our field of practice ONLY WRITTEN INFORMATIONS WHICH ARE DULY AUTHORIZED ARE BEING HEARD OR SUPPORTED.

WAITING FOR YOUR RESPONSE!!!

YUP I UNDERSTOOD.

But all I am asking is a reference of any notification empowering the same.

please share

Check this 

IT accounting for govt employees is from Mar-Feb (because rule 64 of GoI Account Receipts and Payments Rules 1983

Read more at: https://www.caclubindia.com/forum/income-earned-in-march-falls-under-which-financial-year-67924.asp