20 March 2014
my client is partnership firm of liquor business. As per terms of excise only individual is eligible for tender. but some time some people form partnership firm and decide that if any partner gets tender of liquor that will be treated tender of partnership firm .due to this clause all receipt and expenditure of liquor shop has been booked in partnership firm.But TDS is being deducted in individual capacity not in firn PAN.but return is filed in the name of partnership firm and credit of individua tds has been claimed in firm PAN .A.O. has denied to give credit of tds what should be done further!pl advice.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
10 June 2014
Tds of individual can be claimed in partnership firm as per terms of deed