A party has made payment for services rendered by us (against bills) in the year 2007-08 without deduction of TDS. Now in 2008-09 , he is deducting the TDS for 2007-08 and in the period in the TDS CERTIFICATE he is mentioning the Period as 2007-08. I looked at his Certifcate and he has deposited the tax for payments made in 2007-08 on 25.03.09. I tell him the certificate is not valid as the period is 2007-08 but he has dedcuted and paid the amount to me...Why he deducted the TDS for 2007-08 in 2008-09 after payment was made is a question even he does not answer.... Can anyone throw light and offer a solutin.
Sharath
CAclubindia
