Tds
This query is : Resolved
Anita Kulkarni
(Querist)
20 September 2015
Suppose Mr .A raised a invoice of Rs.70 lacs against his debtor ,his debtor deducted TDS on Rs 70 lacs but he made only a part payment of rs 35 lacs ..in that year and also issued TDS certificate of rs 70 lacs...now in this year he is saying that as I have paid TDS on Rs 70 lacs it means I have made you full payment of rs 70 lacs ...and so will not make any further..now my query is how I can recover my balance amt of rs 35 lacs...and if he pays me rs 35 lacs this year is he again liable to deduct TDS this year also...
CA AnKiT BoHrA (AB)
(Expert)
20 September 2015
Ask him for payment proof...
No need to deduct twice now
No need to deduct twice now
Anita Kulkarni
(Querist)
04 October 2015
it's 3 yrs earlier debt ...is it so that he cannot recover 3 yrs old debts..and it is a small scale industry so is there any such rule in SSI
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