07 July 2010
if any party make tds but fail to deposit with government whether credit for the same is available to the dedutee party if yes please mention any referance.
Answer under following two case. (a)if we have received tds certificate (b)if we have not received tds certificate
07 July 2010
IN BOTH THE CASES CLAIM IS NOT AVAILABLE SINCE TDS IS NOT DEPOSITED. IF YOU SHOW THE TDS CERTIFICATE THAN ASSESSING OFFICER CAN SEND A LETTER TO DEDUCTEE TO CONFIRM AND DEPOSIT THE TDS AND FILE THE RETURN. ONLY THEB YOU CAN GET CREDIT FOR TDS DEDUCTED FROM YOU.