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Excess amount received in form 16a

TDS 710 views 4 replies

Sheetu

abc

32 Points Joined June 2013

I had billed a client in first week of April'14 for some Commission. But since the same was pertaning to his march'14 provision he has booked my april bill in March and deducted the tds on the same in his march accounting books. Now after receiving form 16A i am getting diffrence of excess tds receivable due to this issue. Can i claim credit of the same, and in which QTR Q4(13-14) or Q1 (14-15) as i have shown both the income and tds receivable for this bill in April 2014, in opposition to Clients TDS payable in March 2014.

Thanks Members for the help,

Shitu

Replies (4)

Tribhuvan Aditya Singh

Student as well as Self-employed

3710 Points Joined September 2007

you can claim it in either of the years, 13-14 or 14-15. i.tax dept has made a provision in its return to claim tds of previous yrs in following yrs. so you need not worry. i will suggest you to claim it in 13-14 only.