TDS - Trust
This query is : Resolved
03 April 2024
Ours is a Trust. We got donation from a reputed company but they deducted TDS of Rs. 50,000 under section 194 C for the FY 2022-23. Our Stat Auditor explained that our Trust cannot claim the TDS as we need to show that as income under section 194 C and disclaimed that TDS amount. We gave Utilisation Certificate to the Donor Company to the amount net of TDS. Now the Donor company asking us to return the TDS amount they deposited under our trust. BUt we did not claim that TDS. How to solve this issue?
03 April 2024
you could have shown this as receipt in connection to the activities of the trust and still claimed refund.
as far as the donor is concerned, you cannot resolve this. Just inform the donor that the TDS has not been received back from the tax authorities. If it is received, you will return. thats all.
as far as the donor is concerned, you cannot resolve this. Just inform the donor that the TDS has not been received back from the tax authorities. If it is received, you will return. thats all.
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
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR returnFY25-26
- ITR 2 Short Term gain & Long term gain
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
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
