I wonder : TDS is income tax deduction of third party & then deposition into government account by DEDUCTOR. But the service doesnot yield any cnosideration to deductor instead he has to spend money on hiring CA or purchasing TDS SOFTWARE and then uploading fees with NSDL. NSDL charges Service Tax , means what GOVT. AGENCY is doing is service but a dedcutor is doing "Samaj seva" to government. Correct me if I am wrong.
Menu
Tds a service without consideration
Replies (2)
This is our undisclosed CSR activity which every TAN holder mandatorily doing and paying for it by way of interest/fees even for a day's delay.
It is a Swamaj Seva, you calculate, you deduct, you deposit after that make TDS return then go to authorised TDS facilition centre , wait in a queue , maintain proper record, and if any mistake for dalay deposit/ short deduction etc .... you will be punished .
Recent Topics :
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
Related Topics :
CAclubindia
