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Tax implication, Income Tax

Issue Id: - 702
Dated: 20-3-2008
By:- sreenadh

Tax implication


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I got a gift cheque from my agency business and tds was also deducted.But till now cheque is not recieved. what will be the tax implications if i receive the cheque and deposit it in April. For which AY it will be taxed.

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1 Dated: 21-3-2008
By:- Surender Gupta
It is general understanding that the credit of TDS is available in the year in which you offer the related income chargeable to tax.

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