I am into providing services. The company that I provide service to has deducted TDS on provision on my account in March for the bill that I have submitted in April. Suppose the receiving company has deducted TDS on provision 2.5 Lakhs in March 2018 but I have raised a bill of 3.00 Lakhs in April 2019. How do I claim TDS on 2.50 Lakh and in which financial year?
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Entry for receiving tds on provision
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you have claim TDS in the Financial Year in which you declare the income. If your customer has deducted and remitted to government and filed corresponding return, then the same will be reflecting in your Form 26AS.
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