EASYOFFICE
EASYOFFICE

its very urgent

This query is : Resolved 

06 September 2010 CASE:
an assessee receives an advance from his party. and the party has deducted the TDS on the same amount but the assessee has not provided the service to the party and deposited the amount in the bank account.

PROBLEM:
my problem is that whether the amount is to be treated as income or not
plz reply as soon as possible

06 September 2010 already replied.

06 September 2010 Even if you show it as advance, there is no issue. Next year when you account that income , you can claim the TDS deducted too...

OR alternatively, if you book this amount as income now the claim the deducted TDS too in the same year itself.




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