To take part in 5 Exhibitions at 5 different places on 5 different dates, we have paid to Exhibition Organiser five cheques of 34300/- each (35000 less 700/- TDS-94C). Now one exhibition is over and they have sent one bill. We paid that bill after adjusting advance of 35000/-. Now we will not take part in remaining 4 exhibitions. We want our money of 4 Exhibition (paid in advance) back. My question is what amount we should get back. 35000 or 34300 ? Since, we have deducted TDS and deposited in bank also. If we receive @34300/-, then we have to give them Form 16A for 4 exhibition in which we have not taken part. Also party will not give @35000/- as we have deducted TDS and deposited in bank. Confusion. pl. advise. anckoora
In your query You have not mentioned whether your filing of tds return done or not
If you have not yet filed the RETURN But only paid the amount, than you can adjust this amount to anyother 94c outstanding TDS
& ask to your this party to pay RS. 34300 Only
AND IF TDS RETURN ALREADY FILED Than,
Say to party that, TDS Amount has been credited in your account you can check your 26AS Form & please pay us full amount of advance i.e. RS. 35000/- ( RS.34300 we paid via BANK & RS.700/- Showing in your 26AS)
CAclubindia
