TDS

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 October 2010 This are my few quetions relating to Tds:-
1) Is TDS to be deducted from accounting charges even if he is not a professional (C.A.)
2) While filling TDS return; which quater is to be considered for filling return, if TDS has been deposited in quater 1 of F.Y.2008-09 while payment made to the party in Q4 F.Y. 2007-08?
3) In the case mention in point(2) above; will party have to claim TDS in F.Y.2007-08 or in F.Y. 2008-09?

CA Navin Jain

CA Navin Jain (Expert)
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15 October 2010 1. tds is applicable
2.Q4
3. FY 2007.08

Querist : Anonymous

Querist : Anonymous (Querist)

15 October 2010 Sir,
But if party deduct TDS and doesnot submit to the department than how would party be able to claim TDS??

CA Navin Jain

CA Navin Jain (Expert)
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15 October 2010 PART ONLY CLAIM THE TDS ON THE BASIS OF TDS CERTIFICATE

Querist : Anonymous

Querist : Anonymous (Querist)

15 October 2010 So Sir,
even if we havent submited TDS to the department we can include the TDS amount Form 16A (to be given to deductee)

CA Navin Jain

CA Navin Jain (Expert)
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15 October 2010 yes u can do it, but deductee may face the problem while processing of the return

Querist : Anonymous

Querist : Anonymous (Querist)

15 October 2010 K
THANK YOU SIR

Azmathullah Khan

Azmathullah Khan (Expert)
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15 October 2010 Present rule is that the party can claim the TDS based on the form 26As submit by you to department, if you issue the TDS cdetificate to the party, the party suppose to verify the form 16 with the nsdl site. some time even the party filed his tds return and issue the Certificate even then he may face the problem, if he/she does not check with the nsdl site, if in case the form 26as does not tally with the form 16 given by the party, then you have to approach the party and ask them to filed the correction return.

Thx
Azmath

waiting for furthe suggestion