I Have recd full interest (08-09)on L/C opened by customer. I have not shown any TDS Credit. He has shown TDS Deduction in his books and submiited it to govt (08-09)..
He forgot to send me the TDS Certificate.
Can I take the credit in current year..
ADITI KOTAK (Director) 12 November 2009
I Have recd full interest (08-09)on L/C opened by customer. I have not shown any TDS Credit. He has shown TDS Deduction in his books and submiited it to govt (08-09)..
He forgot to send me the TDS Certificate.
Can I take the credit in current year..
Vineet (Director) 12 November 2009
Credit for TDS is available in the year in which corresponding income is included in the taxable income.
You can file a revised return to claim credit of TDS as the entire interest income has been shown by you in FY 08-09.
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