Credit of TDS Deducted by Clients before Actual Payment in earlier years can be Adjusted against Total Taxable Amount payable u/s 199 r/w Rule 37BA: ITAT [Read Order]

By Taxscan Team - On June 7, 2022 6:51 pm - 2 mins read
TDS Deducted - Clients - Actual Payment - Total Taxable Amount payable - ITAT - TDS - Taxscan

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) has held that Credit of TDS deducted by clients before actual payment in earlier years can be adjusted against the total taxable amount payable u/s 199 r/w Rule 37BA. The appellant, Chirag M. Shah is an individual and Chartered Accountant by profession. The appellant…

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