Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
05 July 2011Suppose i have a TDS certificate for AY 11-12 from my deductor.
Can i claim this TDS in assessment of AY 12-13.
If you scrutinize the ITR then you will find in relevant schedule Column 6 Tax deducted and column 7 - amount out of 6 claimed
I am unsure on this subject, hence, decided to discuss
CA Nitu Agarwal
(CA, M.Com)
(266 Points)
Replied 05 July 2011
This happens in cases when you follow cash basis of accounting. For example
Provision for audit fees is made in the same financial year say 2010-11 in the books of a/cs and TDS is deducted on the same and fees will be paid in next financial year. However If auditor follows cash system, then he will take it in his income in next financial year i.e. 2011-12. While filing his ITR for FY 2010-11, he will fill up details regarding tds deducted and enter the amount again in the column 7.
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