https://www.taxtmi.com/forum/issue?id=775 An individual who has received a TDS certificate (Form 16A) for accrued interest on fixed deposits may claim the TDS credit now even if the interest has not yet been recognised as taxable income, provided the taxpayer's accounting policy contemplates later inclusion of that interest in taxable income; claiming the credit in advance is permissible where the taxpayer intends to include the interest subsequently in accordance with their accounting treatment. en-us Wed, 07 May 2008 22:47:19 +0530 Thu, 23 Jan 2025 15:58:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=775 An individual who has received a TDS certificate (Form 16A) for accrued interest on fixed deposits may claim the TDS credit now even if the interest has not yet been recognised as taxable income, provided the taxpayer's accounting policy contemplates later inclusion of that interest in taxable income; claiming the credit in advance is permissible where the taxpayer intends to include the interest subsequently in accordance with their accounting treatment. Discussion-Forum Income Tax Wed, 07 May 2008 22:47:19 +0530 https://www.taxtmi.com/forum/issue?id=775