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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.
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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.
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