TDS Deduction

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 March 2010 In case an agreement has been made between company ABC Ltd. (for its same management com.) and XYZ Ltd. for some work. The part payment has been made by ABC ltd. to XYZ ltd. after deducting TDS (for which qtr return has been filed) and then subsquently the work order has been cancelled. Now ABC ltd is saying to XYZ ltd. to return the amount with TDS and we will issue the fresh check from my other company after deducting TDS on full amount again. I want to know what are the option available to us? The point is that XYZ ltd has deducted TDS for which transction? The case might come as concealment of income.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

27 March 2010 You can refund and file correction return by removing the particular deductee and excess payment can be adjusted with other deductee for the subsquent quarter.incase you are not having deductees you can apply for refund after adjusting your all othet Income tax dues

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

tpksathyan narayanan

S D Kannan

ASIM ATREY AND ASSOCIATES

Tanishka Khandelwal

Vimlesh kumar

Subscribe Now

TDS Deduction

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA