https://www.taxtmi.com/article/detailed?id=6250 An assessee may adopt the cash or mercantile system (or different systems for different receipts), but cannot simultaneously omit an unpaid receipt from income under the cash system and use the tax deducted at source on that receipt as a credit against other taxes. If TDS is to be treated as tax paid, the corresponding receipt must be included in the returns and assessment; if the receipt is properly deferred under the cash system, the TDS remains an outstanding amount and cannot be adjusted as tax paid. Where TDS cannot be adjusted towards tax payable it becomes income for assessment. en-us Fri, 08 May 2015 08:18:02 +0530 Fri, 08 May 2015 08:18:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6250 An assessee may adopt the cash or mercantile system (or different systems for different receipts), but cannot simultaneously omit an unpaid receipt from income under the cash system and use the tax deducted at source on that receipt as a credit against other taxes. If TDS is to be treated as tax paid, the corresponding receipt must be included in the returns and assessment; if the receipt is properly deferred under the cash system, the TDS remains an outstanding amount and cannot be adjusted as tax paid. Where TDS cannot be adjusted towards tax payable it becomes income for assessment. Articles Income Tax Fri, 08 May 2015 08:18:02 +0530 https://www.taxtmi.com/article/detailed?id=6250