Professional Fees

professional fee will be taxable for you on receipt basis.

but if the tds is deducted on accrual basis than it can not be claimed on receipt basis

ractify me if i am wrong

yes if he follow cash method then he can claim income on receipt basis.

but in regard of tds i think you have to claim it for f.y 10-11 itself but i m not very sure. wait for expert view

as per my knowledge goes, if u r following cash system,you have to show ur said income next year i.e f.y 2011-12.even if tds is deducted on accrual basis u can claim for it in f.y.2011-12.as u may hav seen in schedule of tds in itr form there are 2 columns,one for tds deducted and other for tds claimed.dont claim in fy 2010-11.and claim the same in next year.but ur all transaction for the year must b on cash system basis.kindly correct if i m wrong.

i must also add same method is consistentlly followed by our firm in which i completed my article.