Hi!
I have raised professional bill in the month of Dec'10 and taken that inome but the sundry debtors deducted tax on that amount in the month of May,11 and so that TDS amount is not appeared in 26AS for the Financial Year 2010-11 though it appears in 26AS for the F/Y 2011-12. Can I take credit of that TDS in F/Y 2010-11? If yes, under which provision of Income Tax?
Koushik
u can take tds in 2010-11.
as per amendment in finance bill 2010, tds paid before ROI is allowed as deduction.
so applying this provision you can cliam in 2010-11.
you can claim TDS if it is shown in 26AS for online returns. So, your sundry debtors should have to file Revised TDS return to make changes that TDS would pertain to FY 2010-11 payments.
Otherwise, you will get credit in the next year......
| Originally posted by : srinivas A | ||
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u can take tds in 2010-11. as per amendment in finance bill 2010, tds paid before ROI is allowed as deduction. so applying this provision you can cliam in 2010-11. |
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