CLAIM OF TDS

This query is : Resolved

Abhishek Kumar Pokharna (Querist)
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14 July 2010 ASSESSEE FOLLOWS CASH SYSTEM OF ACCOUNTING AND INCOME IS RECEIVED IN THE PREVIOUS YEAR 2010-11 AND TDS IS ALSO BOOKED IN THE P Y 2010-11 WHILE SERVICES HAVE BEEN RENDERED IN THE P Y 2009-10 AND TDS CERTIFICATE ALSO BELONGS TO P Y 2009-10.
WHETHER TDS CAN BE CLAIMED IN THE P Y 2010-11 AND IF NOT THEN SUGGEST APPROPRIATE TREATMENT.

Sunil Kr. Sanganeria

Sunil Kr. Sanganeria (Expert)
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15 July 2010 You have to make entry of TDS amount only in the Accounting Year 2009-10. The entry should be

TDS A/c Dr.
Income A/c Cr.

And claim TDS in the Previous Year 2009-10.