TDS not deducted but paid to government by customer
This query is : Resolved
08 July 2008
Hi every one
I had billed my customer for Rs. 10. He pays me Rs. 8. I book Rs. 2 as TDS. Now at the end of the year he gives me a TDS certificate for Rs. 4. That is Rs. 2 is my original deduction, Rs. 2 is paid out of his hands to the government(not deducted from me). Do i account this Rs. 2 which has been not deducted from me by him? If yes How? Can i claim the full Rs. 4 as TDS at the time of filing returns?
Regards
Rangarajan.K
I had billed my customer for Rs. 10. He pays me Rs. 8. I book Rs. 2 as TDS. Now at the end of the year he gives me a TDS certificate for Rs. 4. That is Rs. 2 is my original deduction, Rs. 2 is paid out of his hands to the government(not deducted from me). Do i account this Rs. 2 which has been not deducted from me by him? If yes How? Can i claim the full Rs. 4 as TDS at the time of filing returns?
Regards
Rangarajan.K
09 July 2008
You are entitled to claim as per certificate. But you have to account the additional money as payable to your customer.
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