tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 July 2010
if company deduct tax of any of its creditor by mistake which should not be deducted as it is normal purchase and not the Labour charges, can this party gets benefit of that TDS and if yes then while giving TDS Certificates to the party the amt on which tax has been deducted should be shown as labour charges or what? becoz it is not labour charges
19 July 2010
Yes that party can get credit if you have deposited the TDS amount so deducted. Give certificate under same section under which TDS is deposited.
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