EASYOFFICE
EASYOFFICE
EASYOFFICE

Claiming tds deducted on project advance received

This query is : Resolved 

18 July 2012 We have received advance payment in a contract , revenue from which would fall in next year. Can we adjust TDS on advance against our I tax liability of current year or we can adjust in the year in which revenue from particular project is booked?

18 July 2012 yes. your form 26AS shows current year then you can claim current year.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries