REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING

This query is : Resolved

ABHI KUMAR (Querist)
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21 November 2024 FINANACE YEAR 2023-24 26AS REPORT

TRANSCATION DATE MARCH 2024
AND DATE OF BOOKING MAY 2024
CAN WE CLAIM TDS IN 2023-2024 ITR

AND WAT IS THE MEANTING OF TRANSACTION DATE AND DATE OF BOOKING

Dhirajlal Rambhia online

Dhirajlal Rambhia online

(Expert)
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21 November 2024 Yes, transaction date means time of supply, tax liability arises on the date.
Date of booking means the date on which the deductor reported the transaction to CPC by filing return.

ABHI KUMAR

ABHI KUMAR (Querist)
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21 November 2024 THANKS SIR CAN WE CLAIM TDS IN YEAR 2023-24 WHICH DATE BOOKING WAS MAY 2024

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Dhirajlal Rambhia online

Dhirajlal Rambhia online

(Expert)
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21 November 2024 Yes, as the relevant income to be declared in the year of its earning, which would be FY 2023-24.