Tds justification
This query is : Resolved
09 December 2013
Respected Members,
We all know that TDS, Advance Tax & Self-Asessment Tax are all different froms of income tax, which is a direct tax, which means the impact & incidence of tax is on the same person. But as far as TDS is concerned, its impact is on the tax payer but incidence is on the tax deductor. Then how it can be justified as direct tax?
We all know that TDS, Advance Tax & Self-Asessment Tax are all different froms of income tax, which is a direct tax, which means the impact & incidence of tax is on the same person. But as far as TDS is concerned, its impact is on the tax payer but incidence is on the tax deductor. Then how it can be justified as direct tax?
09 December 2013
The tax deductor is an assessee-cum-scapegoat. He is in the worst category of assessees.
.
He has to discharge honorary duties to the Revenue, thanklessly.
.
Collecting tax from the individual payee is really a tedious job to which- willingly or unwillingly, the deductor performs by sparing his valuable time, money and energy from his business activities.
.
Collecting agents- like bankers are being rewarded by commission when the amount is deposited with them by the deductor. Dedductor does not get any reward.
.
He is fired, penalised, punished and harrassed by the lawmakers and administrators.
.
Mr. Stranger, such relevant and irrelevant provisions are to be followed as these are being enacted by our own nominees.
.
.
He has to discharge honorary duties to the Revenue, thanklessly.
.
Collecting tax from the individual payee is really a tedious job to which- willingly or unwillingly, the deductor performs by sparing his valuable time, money and energy from his business activities.
.
Collecting agents- like bankers are being rewarded by commission when the amount is deposited with them by the deductor. Dedductor does not get any reward.
.
He is fired, penalised, punished and harrassed by the lawmakers and administrators.
.
Mr. Stranger, such relevant and irrelevant provisions are to be followed as these are being enacted by our own nominees.
.
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
- Reopen of assessment proceeding
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Gift Received from nonblood relative
- Management System (IMS)
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
