25 September 2015
I Issued the Commission bill to the party as on dated 31.03.2015. the party also booked this commission bill in 31st march-2015. but TDS is not paid in the same financial year. the party has deposited tds amount in financial Year 2015-2016 and also file TDS return in the Financial 2015-2016. at this position we can take the credit of the same tds amount.
25 September 2015
If TDs was deposited by the party before 15/05/2015 & the same was reflected in its TDS retur for Q4 of FY 2014-15; then only yu shal take credit in that year. Otherwise take credit in the next FY. i.e. FY 2015-16.
CAclubindia
