TDS Paid for Two Years

Siva Alangaram (Accountant) (42 Points)

30 October 2019  

We have done Contract Work. Our Party has not deducted TDS and paid full payment to us in 2017-18. In 2018 - 19 our party is deducted the TDS on all payment made to us since 2017-18 to 2018-19.

Please Clarify the below queries :

1. Can we take the prior period income/expenses of 2017-18 in 2018 - 19 P/L A/c and to claim the TDS deducted amount.

2. Any effect in current year (2018-19) P&L A/c due to added the prior period income/ expenses of 2017-18.