Menu
Tds deduct under 194h
Some party's deduct TDS under 194H in 2017-18 but this TDS arouse in the year 2016-17. So can we get claim in the current year if YES. Plz say how to pass entries.
Replies (1)
TDS shall be deducted at time of credit or payment whichever is earlier. In this case credit/payment was in year 2016-17 and hence, technically your customer shall revise the TDS return of year 2016-17. Claim shall be made in the year 2016-17 only and request shall be made to customer to revise the return.
In case if its possible to show credit/payment (whichever is earlier) was in year 2017-18 then claim the same in this year only.
Recent Topic
- INCOME TAX DEPARTMENT: DOUBLE STANDARDS
- ITR-4,under presumptive Taxation
- TDS data mismatch with SFT
- Resale of under construction Residential Flat part
- What would be my Salary
- Damage good
- INCOME TAX RETURN
- Form 10E doubt
- LTCG on property sale after 24jul2024
- Should we mention NET INCOME or GROSS INCOME in i
Related Topics
CAclubindia
