Reconciliation of tds from fy 13-14 to fy 14-15

I had received Work Order from Client on 31st March 2014. Part invoice was raised on 3rd April 2014. I wanted to book the revenue in FY 14-15. However, the client has submitted TDS on provision made at their end on 31st March, though they are yet to do bill booking or make payment till July 14. 26 AS for FY 2013-14 shows TDS deposited. If I book revenue in FY 14-15 in my books, how can I make adjustments/ reconcile for TDS deposited in last FY. Please advise the way out.
Replies (4)
now there is a system where you can claim tds of previous years in following year. so in your case, even though tds is deducted in FY 13-14, you could claim in FY 14-15.

hii tribhuvan can you pls explain how the tds can be carried forward in the table tds2 with an example since i m confused with the column which says corresponding income 6 or 7 ??

i m attaching the screenshot.

thanks.

@ acacs... let us take an example... tds for FY 12-13 was 3000 out of which only 2000 was seen on 26as while filing belated return. later 1000 tds was updated on your pan. now since belated return was filed for that year, you cant revise your return to claim tds of 1000. so what you have to do is to fill detail of this 1000 in column 6 for which year of deduction will be 2012. this way last year tds is claimed. now suppose in FY 13-14, tds of 5000 was deducted on prov. of payment to be made to you and you havent yet recognised that income in your books. total tds deducted for 13-14 is 13000. then current yr tds to be shown as 13000 in column 7 and (8000+1000) to be shown in column 8 and balance will be carried foward next year on column 10.

thanks got it.

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