Tds vs self assessment tax

Shubham Poddar (Article) (35 Points)

01 April 2015  

If deductor is liable to deduct and pay TDS but the same amount of tax has been paid by deductee as Self Assessment Tax/ Advance tax then in this case, is there any provision for the deductor for not deducting TDS??

Eg : Mr. A received an income form B and now B is liable to deduct TDS but A has already paid the same amount as self assessment tax. Now A is claiming for Full amount without deducting TDS claiming that A has already paid the said amount.