TDS on professional fees

This query is : Resolved

CA Sandhya S (Querist)
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06 August 2008 When someone, who maintains accounts on cash basis, receives a TDS on 31st March on professional fees, should the amount of TDS alone be considered as income for the current year and the rest of it next year or the entire amount shown as income for that year.
Say
Income - Rs.1,00,000/-
TDS on above - Rs.10,000/-
TDS deducted on 31.03.2008
Accounts - Cash Basis
Can Rs.10,000/- be taken as income for this year and Rs.90,000/- for next year OR
SHOULD RS.1,00,000/- BE SHOWN AS INCOME IN CURRENT YEAR

CA Hemant T Dewani

CA Hemant T Dewani (Expert)
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06 August 2008 no, if you are applying cash basis then tds amount is your income & remaining income is in next year