Now the simple question is that can the Income tax deptt. raise the query that the gross income of the person is Rs. 1,00,000.00 and under TDS Sch. you are showing Rs. 1,20,000.00 as the amount credited/paid.

Many Thanks Mr. Shivang for your replies.

If any professional is maintaining books on Cash basis, but other party is maintaining books on accrual basis then it is the liability of that other person to book his expense on accrual basis and deduct TDS.

But professional who is maintaining books on cash basis has not received the amount, so he cannot take that amount as revenue to increase his income. Correspondingly, he should also not take credit of TDS deducted in that year in which amount has not been received.

TDS deducted will be carried forward to next year to be claimed in the year in which income is received.

While filling the return form where the detail of TDS deducted is to be fiiled, there are two seperate columns, one for TDS deducted and another for TDS claimed during the year. Write the full amount in TDS deducted column, and nil amount in TDS claimed column.

By this way TDS deducted will not be taken in that year, but will be available for credit in next year.

Many Thanks Anubhav. I agree with your reply.

Hi FRIENDS

CAN YOU HELP ME

MY QUESTION ABOUT TDS DEDUCTION

AS 09-10, TDS DEDUCTED BY PARTY BUT NOT CREDIT OUR ACCOUNT AND WE FILED IT ON THAT AS YEAR, NOW INCOME TAX DEPARTMENT SEND ENTIMATION NOW WE ASSUMED TDS AMT NOT CREDITED TO OUR ACCOUNT. I ASKED TO DEDUTEE BUT HE TOLD WE REMITTED TO TDS DEPARTMENT AND HE ALSO GAVE TDS DEPOSITED SLIPS..........

NOW I DONT HOW TO GET TDS AMOUNT

PLS ANY ONE ANSWER MAIL ME

THANKING YOU

re-chek the TDS certificate for correctness, and confirm it with form 26AS

pf dections

Help Me Out......

party deducted my TDS Rs. 60000 and i maintain A/c at CAsh Basis . party shows bal payable in his book rs. 540000,my 26 As Shows bal Rs. 60000,,,,,,,,,,how should i show rs. 60000                

please help its urgent