TDS has been deducted on Advance. However, the work for that advance is being postponed to the subsequent financial year.
Whether the I T Department can hold the TDS till such work is billed, should it refund it (giving cr in the year of payment)
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TDS Refund
Replies (2)
The TDS is claimed in the year of Income recognised and offered for tax and as such the TDS can be deferred to next financial year in which the work is billed. ( section 199 of the IT ACT)
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