Credit of tds, deductor non deposited tds
This query is : Resolved
PARTH SHAH
(Querist)
13 June 2014
can a Tds credit taken by a deductee, if deductor deduct tds on commission income but not deposited same, even upto due date and not able to deposit evenafter.
Can deductee, take a stay on above tax?
pls reply the consequences for same.
Can deductee, take a stay on above tax?
pls reply the consequences for same.
Guest
Guest
(Expert)
13 June 2014
YOU CANT TAKE DEAR.............
PARTH SHAH
(Querist)
13 June 2014
how to take?
just shown in return? will u pls explain as per rule/procedure?
just shown in return? will u pls explain as per rule/procedure?
CA.Sourabh Sethia
(Expert)
13 June 2014
you can't take any stay
you have to file your income tax return & have to pay the tax
and for the tax deducted by the deductor should be claimed or you have to write a letter to TDS department
but if you have earned income then you cannot get stay from the tax liability
also if your deductor is not depositing or not refunding the TDS amount
you can show the Net Amount as your Income as because the deducted portion is not your income any more but this option must be exercised only if the deductor is not depositing your credit or not refunding you that amount
you have to file your income tax return & have to pay the tax
and for the tax deducted by the deductor should be claimed or you have to write a letter to TDS department
but if you have earned income then you cannot get stay from the tax liability
also if your deductor is not depositing or not refunding the TDS amount
you can show the Net Amount as your Income as because the deducted portion is not your income any more but this option must be exercised only if the deductor is not depositing your credit or not refunding you that amount
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