TDS Wrongly Deducted by us without TAN

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Abhinav (Querist)
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13 September 2019 Without having a TAN or even being eligible for TAN, a partnership firm deducted TDS from a vendor payment. How can it ensure that the Vendor does not face any issue and the money can be given in full to the vendor without any issues for the Partnership firm.

Karim N Shaikh

Karim N Shaikh (Expert)
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13 September 2019 if partnership firm in not eligible for deduction of TDS then it is better to pay such amount to vendor with stipulated time

Ruchi

Ruchi (Expert)
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13 September 2019 Yes, you must pay back the amount to the vendor and show that amount as outstanding till then instead of treating it as TDS.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 September 2019 All Partnership firms are eligible for TAN obtain TAN and remit the TDS deducted.

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