Sir
Income raised last FY and GST also paid before receipt of amount. Amount received in current FY with deduction of TDS.
In respect of GST is OK because amount reimbursed to the extent of payment.
Whereas IT, income already taken in last FY and IT paid accordingly, as there is no amount in 26AS. Now amount reimbursed with deduction of TDS.
How to treat this to claim TDS amount as it was appearing in current year 26AS in terms of payment.
Treatment in Accounting
B RAMA KRISHNA (Assistant Accounts Officer (Retd) in Electricity Department ) (106 Points)
27 February 2020
CAclubindia
