whethet to book tds receivable or not on 31st marc

YES. OTHERWISE YOU WILL NOT BE ABLE TO CLAIM CREDIT OF TDS RELATED TO FY 2006-07 ( AY 2007-08) IN THE FOLLOWING FY. YOU MAY ACCOUNT FOR AS FOLLWOING:- INTT INCOME - WITH FULL AMOUNT TDS RECEIVABLE A/C - TDS AMOUNT BANK A/C OR INTT RECEIVABLE A/C - WITH NET AMOUNT

Yes , The view of Chandan is correct . Pl pass the following Entry-- Int Receivable Dr Tds Receivable Dr To Int Inncome Please pass this entry after doing reconciliation of your records and the Bank or other Statement . So collect one bank or other statement for knowing the int receivable .