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(Guest)

Tds @ 1% wrongly deducted

Dear Experts !!

  1. I got an order on behalf of firm X (my close relatives firm)
  2. We have both purchase and sales invoices issued.
  3. We file proper returns.
  4. Now a company Y (to whom we sold goods) deducted 1% TDS on my PAN CARD NUMBER. 
  5. TDS Amount works approx 20,000 INR
  6. I requested company Y to rectify this error and deducte the same amount of TDS on my relatives PAN
  7. However they are not doing so. They advised me to swap/settle the issue between me & relative. I have no idea what this means. 
  • Finally, there is no way this company is going to help me (its a MNC) 
  • Can you anyone assist me with this query
  • Matters have gone a little more complicated cause. I have floated my own firm now with new name and supplied some goods.

 

I need a some professional to advice this query. 
I also need services of a CA in South Mumbai to manage my accounts.

 

# I am new start-up



 2 Replies

Harendra Kumar

Harendra Kumar (Tax Advisor )     04 April 2014

Sir,

In my view is that case you should be claim the amt. of TDS as Refund otherwise you followd the various procedure in this regard.

 


(Guest)
Originally posted by : Harendra Kumar
Sir,

In my view is that case you should be claim the amt. of TDS as Refund otherwise you followd the various procedure in this regard.

 

 

Thank you for your quick reply. Can you please throw some light on "Claim the Amt"

From whom should I claim ?


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