TDS
This query is : Resolved
08 June 2010
SIR/MADAM,
I HAVE PAID ADVANCED TO CONTRACTOR AFTER DEDUCTING TDS AS APPLICABLE,BUT AFTERWORDS I HAVE TAKEN BACK MY ADVANCE MONEY...SO WHAT IS TREATMENT OF THAT TDS ?
CAN I CLAIM THAT AS GENERAL EXPENSES ?
PLEASE ADVICE.....
I HAVE PAID ADVANCED TO CONTRACTOR AFTER DEDUCTING TDS AS APPLICABLE,BUT AFTERWORDS I HAVE TAKEN BACK MY ADVANCE MONEY...SO WHAT IS TREATMENT OF THAT TDS ?
CAN I CLAIM THAT AS GENERAL EXPENSES ?
PLEASE ADVICE.....
08 June 2010
If the TDS not paid -you can refund the same
If it paid and return not filed- you can adjust with some other deductees and give back the money to contractor
If return also filed - you need to give the TDS certificate only -no other way
If it paid and return not filed- you can adjust with some other deductees and give back the money to contractor
If return also filed - you need to give the TDS certificate only -no other way
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