Friends,
We have TDS receivable in firms account from Stock Broker but he credited TDS on individual's account bcz demat account was opened on the name of individula and not firm. Now how could i claim tds on firms ITR. Individual dont want to claim andhis return already submitted.
Pls reply.
Thank you
Presently Demate account is in the name of Firm or Individual?
Is it Partnership firm?
Sir,
I am talking about partnership firm
Firm has nature of business as trading in shares but demat account is opened on the name of working partner on behalf of Firm bcz there is no provision to open demat account on firm's name. Hence we are facing the problem of TDS. Now we have booked Income of Firm in its computation but TDS credited to Partners account base on PAN. Now how to get credit in Firm ?
SSGS and Associates
Chennai
CA Inter
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CAclubindia
