https://www.taxtmi.com/highlights?id=74349 Credit for TDS - Whether the Tax Deducted at Source (TDS) on mobilization advance, which is a capital receipt, should be credited in the year of deduction - Mobilization advances, characterized as capital receipts and not revenue, are not subject to immediate taxation. - TDS deducted on such advances should be credited in the year of deduction, not necessarily aligned with the year of income recognition. - AT en-us Wed, 24 Jan 2024 07:56:23 +0530 Tue, 23 Jan 2024 21:32:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74349 Credit for TDS - Whether the Tax Deducted at Source (TDS) on mobilization advance, which is a capital receipt, should be credited in the year of deduction - Mobilization advances, characterized as capital receipts and not revenue, are not subject to immediate taxation. - TDS deducted on such advances should be credited in the year of deduction, not necessarily aligned with the year of income recognition. - AT Highlights Income Tax Wed, 24 Jan 2024 07:56:23 +0530 https://www.taxtmi.com/highlights?id=74349