Go AD-Free with CAclubindia Pro and get Daily WhatsApp Updates. Subscribe Now!

banner_ad

Current year TDS?

242 views 3 replies

Mariappan

Student CA final new

106 Points Posted on 15 September 2021

Income for the month of feb 2021(Fy 2020-21) , tds deducted by the buyer and wrongly filed in 2021-22 -Q1. can we claim tds in next year, and income declare in current year?

Replies (3)

JGM

Knowledge Sharer

443 Points Posted on 15 September 2021

TDS can be claimed in the year in which income is offered to tax. Please refer section 199 of the Income-tax Act, 1961

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 16 September 2021

Agree with above

sabyasachi mukherjee

Profession Business

28202 Points Posted on 16 September 2021

There are two concepts one
1. Financial Year is the year in which income is earned and accrues.
2. Assesment Year is the year in which income relevant to the previous year is assessed.

CCI Pro

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register

Recent Threads

More recent discussions | Post

Related Threads

Latest Job Openings

View all

Featured 02 May 2026

Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details

Featured 29 April 2026

Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details

Featured 14 April 2026

GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details

Featured 13 April 2026

GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details

Featured 28 March 2026

Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details

Featured 28 March 2026

CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details

Featured ARTICLESHIP 19 March 2026

Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details

Featured 14 March 2026

Associate CA

N N V Satish&co

Hyderabad

CA

View Details