Tds wrongly deducted.
This query is : Resolved
16 May 2009
we are having Partnership Firms our partner was done interior work for their own house but the payment made to Contractor from Firms which is wrong also we deduct TDS on that bill amount now what we can do.......???????????
jegannath G
(Expert)
17 May 2009
Please issue the TDS certificate to the contractor
But treat the expenses as capital -drawings
But treat the expenses as capital -drawings
CA Anil Jain
(Expert)
03 December 2009
If not yet deposited, refund the same to the contractor and pass necessary entry
If deposited, but TDS return not yet filed, refund the same to the contractor and adjust the same with other deductible TDS.
If TDS return has been duly filed, issue him TDS certificate, he will claim while filing his Income Tax Return.
If deposited, but TDS return not yet filed, refund the same to the contractor and adjust the same with other deductible TDS.
If TDS return has been duly filed, issue him TDS certificate, he will claim while filing his Income Tax Return.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- Issuing of delivery challan by seller of goods
- MSME disclosure and disallowance
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- 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
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
