Tds
This query is : Resolved
02 April 2015
HELLO
Suppose Mr x(deductee) never file Income tax return for its Business,but having PAN
Mr Y(Deductor)made Income payment to X for his business provide to Mr Y,and deduct Tds and did not filed tds and payment to govt. How Govt Know About Tds Transaction fo its revenue
Suppose Mr x(deductee) never file Income tax return for its Business,but having PAN
Mr Y(Deductor)made Income payment to X for his business provide to Mr Y,and deduct Tds and did not filed tds and payment to govt. How Govt Know About Tds Transaction fo its revenue
02 April 2015
Government will not know till TDS is paid and TDS return is filed. TDS amount will not be reflected in your 26AS. So deducted should ask deductor to pay TDS, file return and provided TDS Certificate.
Message likes :
1 times
02 April 2015
This non compliance will also attract interest and penalty payment for Mr.Y.
Message likes :
1 times
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
- Multiple payment of self assessment tax for A Y 2025-2026
- CAPITAL GAIN REDEVELOPED FLAT
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- DUE DATE FOR ITR FILING
- Old Traces Portal
- WHERE I SHOW GST 0% INVOICE IN GSTR1 (EITHER TABLE 7 OR TABLE 8)
- Query regarding reporting of exempt foreign remuneration in ITR
- GST ISD Query on various AMCs
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- GST REGISTRATION REQUIRED TO DIAGNOSTIC UNIT
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
