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Tds credit

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This query is : Resolved

sagar (Querist)
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11 December 2015 My qwery is that if we have deducted the tds while making payment to the party and deposited the sum in the govt treasury but the tds return has not been filed with the department, will the party get the credit of tds paid by us in their return or it will be disallowed

NAVEESH DHAR

NAVEESH DHAR (Expert)
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11 December 2015 Without file the tds return and form 16a generated from traces deductee can't claim the tds benefit

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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11 December 2015 If you do not file the return the department dont get to know against which PAN TDS has been deducted. Based on the PAN mentioned in your TDS return the TDS is credited against respective PAN of the party. SO unless you file TDS return the deductee will not get credit of TDS deducted from him.

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