Question

Tds credit out of claimed this year meaning

Answer 1

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➢As per income tax rules, you should claim credit for TDS on income that is paid or accrues to you in the same financial year as the TDS is deducted. ... Basically, credit of TDS on any income can be claimed only in the FY in which the income is actually earned and not in the year in which it is has been received.

Answer 2

As per income tax rules, you should claim credit for TDS on income that is paid or accrues to you in the same financial year as the TDS is deducted. ... Basically, credit of TDS on any income can be claimed only in the FY in which the income is actually earned and not in the year in which it is has been received.Aug 16, 2019