In case of professional persons TDS is deducted by the client on accrual basis of the fees payable to the professionals. Payment is received by professionals after the end of accounting year. In such cases there is mismatch TDS certificate is say for FY -08-09 Income recevied by professional person in FY 09-10. Professionals are following cash system of accounting.
In such cases TDS element is deemed to be recieved in the year of deduction.
How the professional perso should treat such TDS element? When he should take credit of the same?
Whether in the year of deduction say FY 08-09 or in FY 09-10 when the income is accounted on receipt basis by professional.
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