Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 August 2017 While filing the balance sheet of the FY 2016-17 of the party named XYZ pvt ltd ,
one of its debtor has deducted the TDS of the income relating to FY 2016-17 in the FY 2017-18.

So, my query is whether the XYZ ltd company can take the TDS in the FY 2016-17 which is filed in the FY 2017-18.

ABHISHEK GARG

ABHISHEK GARG (Expert)
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30 August 2017 It may happen that Payment was received in April 2017 for march Bill,
Claiming of TDS depends on, in which year.the TDS Deducted was shown
Ask the debtor to issue Form 16A and if FY shown in the form is 2016-17 then you can claim it and if shown in 2017-18, then you can't claim it in FY 2016-17.