Please revert, what next to where tds deduction is not applicable on same.
By mistake tds has been deducted on interest received by partners in partnership firm
Akshay Goud (CA Final Student) (23 Points)
24 June 2019Akshay Goud (CA Final Student) (23 Points)
24 June 2019Please revert, what next to where tds deduction is not applicable on same.
Akshay Goud
(CA Final Student)
(23 Points)
Replied 24 June 2019
Originally posted by : Akshay Goud | ||
Please revert, what next to do where tds deduction is not applicable on same.
As TDS provision are not applicable on Salary, Interest received by partners in firm. What to do, where client by mistake has deducted Tax on Interest by keeping in mind it is taxable in his individual head. What to do, instead of paying advance tax, he had paid TDS on interest on Partners Capital Account. Kindly assist on same. |
Gauthami
(Student CA Final )
(428 Points)
Replied 24 June 2019
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