Advance tds
This query is : Resolved
AJIT SINGH
(Querist)
11 December 2014
if deductor deduct & deposits Tds on an Advance 1000 paid rs 100 TDs so.
but further future both dedctee n dedctr don't want business relation .. Rs 900 given to party . then
what yo do with depositd TDS amt
12 December 2014
Deductee will claim the TDS amount credit in the Income Tax Refund. Deductor will ask for refund of Rs 1000/- from deductee.
Rupesh Jain
(Expert)
12 December 2014
you can calim the refund of excess tds. or deductee can calim the refund from income tax deptt.
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