Tds ded.on prov. inv. in fy:14-15 but inv booked in fy:15-16

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 August 2016 I had deducted TDS on Provisional Bill in Fy: 14-15 related to Q4 & filed the return, now the Party supplied the invoice in current fy: 15-16, Q1. I have already filed the TDS return for Q1.
Do I have to mention this in revised return for fy: 15-16 related to Qtr-1, If yes then How?

CA A RAMVEL

CA A RAMVEL (Expert)
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25 August 2016 Hi,

You deducted TDS based on provisional basis which is correct because if you dont decuct TDS on provisional basis, the expenses will get disallowed in the FY 201415. You ETDS is also right. You need to inform your vendor that he should show this TDS as C/f of TDS from the FY 201415 in his ITR and claim this TDS in the FY 2015-16. Hope you are clarified.

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Querist : Anonymous

Querist : Anonymous (Querist)

25 August 2016 Thank you very much Sir for resolving this query...

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