banner_ad

tds

This query is : Resolved 
Profile Image

Profile Image

(Querist)
17 September 2009 tds deducted but not deposited, how deductee will get tax credit to claim refund.

if tds deducted but not deposited whther form 16 can be given by deductor.

tds deduted but deductor not deposited the same, but in next financial year, deductor issues a cheque to deductee for tds deduction, now what will be the implication, whther such amount of tds which was refunded by deductor will be treated as income for next financial year.
Profile Image

Shyam Lal Naik

Profile Image

Shyam Lal Naik (Expert)
18 September 2009 The deductor has not deposited the tax. Question of refund does not arise.

In the absence of deposit of tax, for 16 can not be issued.

If the amount of TDS deducted, but not deposited, is refunded by the deductor lateron, the amount is not income. The deductee need only to reverse the entry for TDS deduction and receipt of the same.
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
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details