TDS works contract

1369 views 3 replies

V S Agarwal

Director

24 Points Joined August 2009

We did works contract for M&M in 2000 for which they deducted approx. 32000 as tds. However e did not get the cert at that time. We have a copy of their ledger stetement showing this deduction. Now Tax authorities are insisting on the tds Cert FORM XL, which we do not have . M&M is not giving on the pretense that it is very old matter and not possible to dig out the records. Why we should be penalised by tax authorities for payment deducted in advance? Can they not tell M&M to give the cert.? What is the solution?

Replies (3)

rajesh

student

65 Points Joined September 2007

u r having small chance. when we r deducting any tds we pay to the bank and receive a challana having challana number. some of enterprises pay total amount of TDS in lumsum as a single challana so if any othe person providing simillar type there will be achance the challana number will be the same. with using the challana number we can prepare TDS Form 16A

prajapath.s.k.

manager accounts

79 Points Joined November 2009

it is the liability of the deductor to issuethe tds certificate to deductee, in this case deductor has defaulted in discharging his duties. u can claim the deducted amount with interest.