Mukund Patel (Student) (477 Points)
10 August 2011
In one case individual professionals keep their books of account on receipt basis and received fee of march 2011 in april 2011. Tax deducted by client in march 2010, and form 16A also contain this TDS.
Can we claim this tax in the A.Y 2011-2012?
Thanks and Regards,
MUKUND
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 10 August 2011
If you see ITR , in TDS sheet, the columns of TDS available and TDS claim are separate. You can disclose the form 16A data there in FY 10-11 but claim it in FY 11-12 ITR as you are preparing accounts on cash basis.
Let other members share their thoughts.
REgards,
CAclubindia
