12 May 2014
A doctor has maintained books of accounts on cash basis. He has received a cheque of Rs. 180000 (net of TDS) as professional fees from a company in MAY 2014. The company has made TDS of Rs. 20000 on 31.3.14 and had deposited the same in April 2014 as it follows accrual basis. Que.
1. Can the doctor take the credit of the said TDS of Rs. 20000 for AY 14.15 .
2. Whether TDS of Rs. 20000/- the credit of which is available for AY 14.15 constitutes the income of Doctor for AY 14.15?
CAclubindia
