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Audit of tds transanctions

Statutory Audit 1025 views 2 replies

Hii friends.......

i  was asked one question in interview  regarding audit of TDS transanctions in case of huge no of suppliers....officer asked how can we get confirmation that tds was deducted in every case of suppliers in  possible shortest method ????

 

please send me possible views ....

Replies (2)
is there any tds on transaction of supplier inccomet except in case supply is nature of contract as per tax laws

Hi Sri,

When there are various parties subjected to TDS by one vendor, each of those suppliers would also file a TDS return, to claim the credit. The defaulting party would get caught in this process. This is possible only after the year ends.


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