Tds deducttion
This query is : Resolved
04 July 2012
I paid 112500/- through 2 cheques in june 2012. I forgot to deduct TDS from him. Now that person is not picking up a phone also.
now it is our loss or what? what action I have to do.
thanks in advance
now it is our loss or what? what action I have to do.
thanks in advance
04 July 2012
If he does not give you the TDS amount back its your loss as you will have to pay it from your own pocket and in case you do not quote the PAN of that party you will have to deposit 20% TDS from your own pocket.
Message likes :
1 times
04 July 2012
No other way to show this payment in my books, to avoid this loss?
04 July 2012
No other way since you have made the payment by cheque and party is not co-operating you.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Itr 1 processing
- Reporting Income under Section 44ADA
- Building and other construction workers welfare cess act 1996
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Eway bill for machinery reparing
- Lift replacement entries in housing society
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
