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Tds not deducted of party but deposited by us (Income Tax)

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This query is : Resolved

Author : Anonymous

( Author )
09 June 2012

If an assessee paid to a party(for advertising) full amount without deducting the TDS and subsequently deposited the same out of its own pocket after discovering the mistake would that amount become legally recoverable from party should it be adjusted in next payment?


Anand Dubey

( Expert )
09 June 2012

yes you can adjust in next payment


Neha Jain

( Expert )
09 June 2012

You can very well adjust the amount of TDS paid as coming in the TDS certificate of deductee from the next payment in future. Such amount is recoverable.



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