banner_ad

Tds

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 May 2012 A LISTED COMPANY FIND OUT IN F.Y.2012-13, THAT THERE WAS A CASE OF LESS DEDUCTION OF TDS IN F.Y.2008-09(eg. 1% deducted in place of 2% by mistake in past).

WHAT IS THE LEGAL PROVISION RELATING AND WHAT SHOULD COMPANY DO NOW?
Profile Image

Soumitra Basu

Profile Image

Soumitra Basu (Expert)
25 May 2012 The company should obtain the copy of the return of the payee from whom TDS had to be deducted, along with a certificate stating that the income has been duly reflected in its return of income. Since TDS is a mode of recovery, the company is not liable for any further deduction. However, the company has to pay the interest from the due date of deduction to the amount actually deposited by the payee. Please refer the honourable apex court judgement in the case of Hindustan Cocacola Beverage.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details