How to Get TDS of third party

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Account executive
10 Points Posted on 13 August 2020
Sir
I am an Contractor and I made the payments relating to site expenses to my staff account at site. He has withdraw the money and paid to labourer at site by cash. The banker started deducting TDS u/s 194n.

my question is...
whether I can to get that TDS benefit while filing my returns? please suggest
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On 13 August 2020 at 12:15 Report
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Quick Summary
This discussion clarifies how contractors can claim TDS benefits when payments are made to third parties, specifically addressing TDS under Section 194N. If TDS is deducted from your business bank account, you can claim this credit when filing your income tax returns. However, if the deduction is from an employee's account, only the employee can claim the TDS benefit on their individual returns.

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Tax and Business Consultant
11616 Points Posted on 13 August 2020
Simply, if TDS u/s 194N is deducted from bank account, if that bank account is on name of contractor (you) , than contractor (you) can take TDS credit while filing IT return.
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On 13 August 2020 at 12:27
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2 Points Posted on 14 August 2020
TDS deducted u/s 194N get TDS benefit your staff only while filing their Returns
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On 14 August 2020 at 19:25

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