TDS payments by others
This query is : Resolved
Irshad Ahmed M
(Querist)
08 July 2010
facts of the case :
We are a processing and trading concern
due to liquidty problem buyer agrees to make payment to our contractors
while making payments they deducted tds
the deducted tds was deposited in bank within time
while depositing they mentioned their own TAN instead of us
now the buyer has sent debit note for the same
Can we cliam the expenditure with tds from our side
whare are the complications etc.,
what will happan to tds deducted by paid by buyer in his own TAN
can we claim the tds paid in buyers TAN
who has to file quarterly return
etc.,
etc.,
We are a processing and trading concern
due to liquidty problem buyer agrees to make payment to our contractors
while making payments they deducted tds
the deducted tds was deposited in bank within time
while depositing they mentioned their own TAN instead of us
now the buyer has sent debit note for the same
Can we cliam the expenditure with tds from our side
whare are the complications etc.,
what will happan to tds deducted by paid by buyer in his own TAN
can we claim the tds paid in buyers TAN
who has to file quarterly return
etc.,
etc.,
CMA Ramesh Krishnan
(Expert)
08 July 2010
For your expenses, buyer paying tds and claiming all ok, but TDS payment made for your TAN only can be claimed otherwise the buyer only have right to take that TDS.
So much complications are there
even though buyer paying for you the same rasing debit note what will be the payment date can you show, actual payment only you can be show the return
So much complications are there
even though buyer paying for you the same rasing debit note what will be the payment date can you show, actual payment only you can be show the return
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