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TDS U/S 194Q AND TCS U/S 206C1H CROSS APPLICATION

TDS 292 views 4 replies

rajdip ranpara

proprietor

141 Points Joined December 2012

WE ARE LIABLE TO COLLECT TCS ON SALES U/S 206 C (1H)

NOW OUR ONE CUSTOMER IS NOT LIABLE TO DEDUCT TDS U/S 194Q THOUGH HE IS DEDUCTING TDS AND ASKING US TO NOT COLLECT TCS BECAUSE HE HAS ALREADY DEDUCTED TDS.

NOW QUESTION IS THAT WHETHER WE ARE LIABLE TO COLLECT TCS U/S 206C (1H) IF HE IS DEDUCTING TDS U/S 194Q THOUGH HE IS NOT LIABLE?

Replies (4)

Yashwant Kori

14 Points Joined October 2020

No now your liability to collect TCS came to an end since you tax is already been deducted

CA. Sourav Sarkar

Chartered Accountant

24588 Points Joined November 2019

You should collect TCS as your are liable to collect and your customer is not liable for TDS deduction then why he deduct TDS

Ankit Neema

2742 Points Joined October 2018

Why your customer is deducting TDS don't understand.
But if he is complying voluntarily then take the declaration from him that he will deduct the TDS and complying provisions voluntarily.