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?
CA PARAS BAFNA
(Expert)
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GSTR-9C filing
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Capital gains in IT returns
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Applicability of tax on invoice
- Capital Gains Tax on Inherited Mutual Fund
- Form 144 TDS Return Validation Error – Mandatory Fields
- Form 144 TDS Return Validation error
- GSTR9 Annual Return
- LLP audit and disclosure
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
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
