tds not deducted by debtor
This query is : Resolved
PANKAJ MISHRA
(Querist)
24 March 2009
We are a co. and an individual paid us Rs.77068/- in the period 1.4.2008 to till date. but not deducted TDS.
What will be the consequences.
What will be the consequences.
Ram Avtar Singh
(Expert)
24 March 2009
Please clear purpose of payment. if contractor then TDs applicable otherwise tds not applicable on sale and purchase
PANKAJ MISHRA
(Querist)
24 March 2009
Party paid to us against our bill of monthly mainenance charges of his office building.
K V Subba Rao
(Expert)
24 March 2009
TDS provisions apply for payments made by "specified person" only.
If Payer has failed in his statutory responsibility, only Payer is affected but not Payee
In your case, check up, if payments made by Payer attract TDS provisions, if so, you may like to advise him suitably more from mainaining cordial relations point of view than tax angle
If Payer has failed in his statutory responsibility, only Payer is affected but not Payee
In your case, check up, if payments made by Payer attract TDS provisions, if so, you may like to advise him suitably more from mainaining cordial relations point of view than tax angle
24 March 2009
u wont be liable for this
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