Tds

This query is : Resolved 

01 January 2016 the work is executed by firm, and the payment is also made to the firm but the tds deducted and credited to the partner of the firm. it is acceptable as per the income tax act kindly intimate me the same. thanking you

01 January 2016 sir
the work is executed by firm, and the payment is also made to the firm but the tds deducted and credited to the partner of the firm. it is acceptable as per the income tax act kindly intimate me the same. thanking you


02 January 2016 It is not acceptable in income tax as partner and firm both are separate tax entity it is advised to kindly intimate the mistake to payer and got the tds return revise for that purpose.

02 January 2016 TDS should be deducted in firm name.
Ask deductor to revise their tds return


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