CAN 16A OF LAST YEAR BE TAKEN AS TDS IN NEXT FIN YEAR
This query is : Resolved
04 October 2010
HI ALL
SOME OF OUR CLIENTS HAD DEDUCTED OUR TDS BUT HAS NOT ISSUED US FORM 16A IN THE FIN YEAR 2008-09,AND WE HAD NOT TAKEN THE CREDIT OF THE SAME WHILE FILLING RETURN OF 2008-09.
CAN WE TAKE THE BENEFIT OF EXCESS TAX CREDIT APPEARING IN 26AS FOR THE YEAR 2008-09 WHILE FILLING THE I TAX RETURN FOR THE YEAR 2009-10.
REGARDS
SUMEER MATHUR
SOME OF OUR CLIENTS HAD DEDUCTED OUR TDS BUT HAS NOT ISSUED US FORM 16A IN THE FIN YEAR 2008-09,AND WE HAD NOT TAKEN THE CREDIT OF THE SAME WHILE FILLING RETURN OF 2008-09.
CAN WE TAKE THE BENEFIT OF EXCESS TAX CREDIT APPEARING IN 26AS FOR THE YEAR 2008-09 WHILE FILLING THE I TAX RETURN FOR THE YEAR 2009-10.
REGARDS
SUMEER MATHUR
04 October 2010
yes... you can ..
but only if.... the corresponding income is also recognized in FY 2009-10.
but only if.... the corresponding income is also recognized in FY 2009-10.
04 October 2010
but the sales/consultancy bills agianst those tds has already been taken during the year 2008-09,so how can we take the same again in 2009-10.
06 October 2010
Revise tax return for 2008-09
11 October 2010
u can take credit in 09-10
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