TDS Receivable on advance

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..... TDS Receivable on advance
Query (Issue) Started By: - Ashiesh Prremji Dated:- 30-10-2021 Last Reply Date:- 1-11-2021 Income Tax
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Income Tax
Dear Expert, Please clear my doubt .....

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..... whether TDS receivable can be booked at the time when advance received after tds ? If no Invoice issued and advance as received refunded can we take TDS benefit while computing income tax if deductor .....

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..... has deposited TDS which he deducted while advance payment only. Thanks, Reply By CASusheel Gupta: The Reply: Credit for TDS can be taken in the AY in which income is assessable i.e. in the year in .....

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..... which invoice is raised. Please refer to Rule 37BA(3) TDS deposited in current year needs to be carried forward to subsequent year in the ITR. CA Susheel Gupta 9811004443
Discussion Forum - Kn .....

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..... owledge Sharing .....

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