Tax implication, Income Tax

[sreenadh]

I got a gift cheque from my agency business and tds was also deducted.But till now cheque is not recieved. what will be the tax implications if i receive the cheque and deposit it in April. For which AY it will be taxed.

Posts / Replies

[Surender Gupta]

It is general understanding that the credit of TDS is available in the year in which you offer the related income chargeable to tax.