Tds
This query is : Resolved
26 June 2012
Thanks Sir
for your prompt reply
We have contacted the account branch of ONGC ,. They are asking us to deposit an amount of Rs 19987/=.with them ,so that they can clean up their books , and tell the Income tax about the mistake
and asking us to claim the amount from Income Tax Authorities
Is that possible ?? To the best of our knowledge , we will get into complication?? Please advice
But there is no Purchase order or Contact of that magnitude with them .
for your prompt reply
We have contacted the account branch of ONGC ,. They are asking us to deposit an amount of Rs 19987/=.with them ,so that they can clean up their books , and tell the Income tax about the mistake
and asking us to claim the amount from Income Tax Authorities
Is that possible ?? To the best of our knowledge , we will get into complication?? Please advice
But there is no Purchase order or Contact of that magnitude with them .
26 June 2012
Dear Mr. Satish,
Please contact to respective person in ONGC. who will rectify and revise the return
Please contact to respective person in ONGC. who will rectify and revise the return
26 June 2012
Thanks Sir
for your prompt reply
We have contacted the account branch of ONGC ,. They are asking us to deposit an amount of Rs 19987/=.with them ,so that they can clean up their books , and tell the Income tax about the mistake
and asking us to claim the amount from Income Tax Authorities
Is that possible ?? To the best of our knowledge , we will get into complication?? Please advice
But there is no Purchase order or Contact of that magnitude with them .
for your prompt reply
We have contacted the account branch of ONGC ,. They are asking us to deposit an amount of Rs 19987/=.with them ,so that they can clean up their books , and tell the Income tax about the mistake
and asking us to claim the amount from Income Tax Authorities
Is that possible ?? To the best of our knowledge , we will get into complication?? Please advice
But there is no Purchase order or Contact of that magnitude with them .
26 June 2012
You should not refund the amount to ONGC, since you can not claim the TDS from the dept even if the amount is shown in 26AS since you are not going to show the corresponding income in the return.
ONGC will revise the retun and claim the excess refund from dept.
ONGC will revise the retun and claim the excess refund from dept.
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
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- Building and other construction workers welfare cess act 1996
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- LIC Annuity received under Jeevan Akshay Scheme
- In Exports Sales HSN details where to fill
- Form 10BD Filling
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
