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bujjulu (e-TDS + IT return filer Hyderabad)     05 January 2021

Budget *** TDS code = nature of business code while filing IT return = SAC code as per GST act

While filing the IT returns faced a problem...

That is the Section quoted while filing the TDS return by the Deductor did NOT match with the nature of business of my client.

TO AVOID THE ABOVE KIND OF PROBLEM (S) i SUGGEST THAT IN THE NEXT BUDGET, THE CODES OF *** TDS should be the codes of SAC code 

Accordingly in the ITRs codes for nature of business should be the codes of SAC.

I think this will avoid misinterpretation of nature of business & incorrect percentage of TDS  etc. etc.



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