Income tax notice on tds

TDS 1463 views 5 replies

V.D.KRISHNA PRASAD

Private Employee

183 Points Joined February 2009

We have received a notice from Income Tax department claiming an amount of Rs.37000/- reason mentioned for this claim is " some X has claimed in his personal IT return TDS amount of Rs.37000/- quoting our TAN number "

But Mr.X is no way concerned with our firm, in FY-2010-2011 there is no TDS liability under the income tax act hence NIL returns was not filed during the FY-2010-2011.

my questions with reference to the above

1.How to deal with department

2. If you suggest to file NIL return, whether it should be filed for all the quarters

Replies (5)

praveen

Chartered Accountant

6971 Points Joined September 2007

State the same reason to the income tax department also.

Yes you will have to file tds returns even if NIL for all the quarters

Dilip

Working

408 Points Joined February 2009

you can reply to department that we have not done any transaction with this person. So TDS deduction is not possible. Please check directly with assessee and if he is genuien, please ask him to submit TDS certificate 16A.

I think through this you can able to prove your justice.

CA Neil Ganatra

Partner - Gautam Joshi & Co.

871 Points Joined February 2009

you should file a reply to income tax department on your letter head mentioning that you have not entered into any kind of transactions with such person. You are not aware as to why your TAN no is mentioned for claiming TDS provisions.

You must file NIL return for TDS

swathi

Accounts Officer

349 Points Joined April 2009

You should file nil returns, even though no deductions details and you have to reply to the department with details

CA Kiran Sutrave

428 Points Joined March 2007

You should file nil TDS Return first and then you should also write a letter to the TDS Department stating the case and there is no liability on your Company.