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Claim for TDS

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Suppose i have a TDS certificate for AY 11-12 from my deductor.

Can i claim this TDS in assessment of AY 12-13.

If you scrutinize the ITR then you will find in relevant schedule Column 6 Tax deducted and column 7 - amount  out of 6 claimed

I am unsure on this subject, hence, decided to discuss

Replies (2)

Yes, you can do that.

This happens in cases when you follow cash basis of accounting. For example

Provision for audit fees is made in the same financial year say 2010-11 in the books of a/cs and TDS is deducted on the same and fees will be paid in next financial year. However If auditor follows cash system, then he will take it in his income in next financial year i.e. 2011-12. While filing his ITR for FY 2010-11, he will fill up details regarding tds deducted and enter the amount again in the column 7.

 

 


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