Reg: tds deducted for wrong deductee
This query is : Resolved
21 March 2018
Our firm earns commission income for facilitating travel insurance from an insurance Company. The insurance company has deduted TDS but they did not paid TDS or paid TDS in the name of some other person. The process for rectifying the same will take almost 15-20 days. The retuen has to be filed within 31-03-2018. KIndly let me know what can be done.
21 March 2018
There are two options:
1) To file your return without mentioning the Tax credit and then file a revised return after the rectification has been made.
1) To file your return without mentioning the Tax credit and then file a revised return after the rectification has been made.
21 March 2018
2) to file the return after taking the tax credit by mentioning the details in your return. The Department will ask for details during assessment of your return within which you need to get the error rectified from the deductor
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Unregistered suppliers utility
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- LIC maturity claim whether taxable
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- Cash balance limit and property purchases limit
- Can we choose not to report losses in ITR3 if they cannot be carried forward?
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
