This year I received a payment of Rs.110000/- from a Govt Department for my Jobwork with them. But they didn't Deducted Tax at Source from my payment.
Any impact on me. Can that department ask me to give them the amount of TDS now for payment to IT.
Menu
Tds not deducted
Replies (3)
No, TDS is a liability of the payment maker. You need to pay income tax, in case applicable to you
As such possible, but when you have filed IT return declaring the income with liable tax over it, you can deny that.
Hi,
Thanks for your reply, Please let me know if there is any option for the department to rectify the transaction.
Recent Topic
- Resale of under construction Residential Flat part
- What would be my Salary
- Damage good
- INCOME TAX RETURN
- Form 10E doubt
- LTCG on property sale after 24jul2024
- Should we mention NET INCOME or GROSS INCOME in i
- CRYPTO - SETOFF
- WBAAR: No Reclaim of Reversed ITC under Section 16
- Why Do Companies Prefer SME IPO Even When They Qua
Related Topics
CAclubindia
