23 July 2013
Sir TDS deducted by bank from Audit fee Provision as on 31-3-13.How can be treated the TDS credit available in Form 26 AS for FY 12-13,the work to be carried out only during April 13 and to treated as our income only in FY 13-14.Kindly clarify how the TDS credit will be treated in our firms assessment. Now it is proposed to claim the TDS credit during FY 12-13 and income will be recognised only next FY.Is it Correct?.If not correct pls suggest how to treat this. RGDS
CAclubindia
