TDS Claim

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Dev (Querist)
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23 February 2011 We raised the bill on the client on 31.3.2010 for commission charges. We follow the accrual system of accounting hence we booked this income in the year 09-10 itself. Our client booked the expense for commission in april 2010 i.e in the year 10-11. He also deducted and paid the tax in april 2010 i.e. w.r.t. asst yr 11-12.

Since we included the income for commission in the year 09-10 relevant to asst yr 2010-11. the question is in which asst yr we can claim TDS?

S.A.BADAMIKAR

S.A.BADAMIKAR (Expert)
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23 February 2011 TDS is to be claimed in the year in which your income is considered.Therefore in your case, you have to claim the TDS for A.Y.2010-11