https://www.taxtmi.com/forum/issue?id=111141 The dispute concerns TDS on advances where the taxpayer uses the percentage completion method and did not include advances as income; TDS deposited by customers appears in Form 26AS but the assessing officer denied credit or added advances to income. The discussion concludes that TDS credit is eligible in the year in which tax is deducted and thus the credit should be allowed despite non-recognition of advances as revenue under the accounting method. en-us Tue, 22 Nov 2016 15:25:39 +0530 Thu, 23 Jan 2025 15:56:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111141 The dispute concerns TDS on advances where the taxpayer uses the percentage completion method and did not include advances as income; TDS deposited by customers appears in Form 26AS but the assessing officer denied credit or added advances to income. The discussion concludes that TDS credit is eligible in the year in which tax is deducted and thus the credit should be allowed despite non-recognition of advances as revenue under the accounting method. Discussion-Forum Income Tax Tue, 22 Nov 2016 15:25:39 +0530 https://www.taxtmi.com/forum/issue?id=111141