Eligibility for claim of tcs
This query is : Resolved
16 August 2014
If tcs certificate is in the name of partner , whether its credit can be claimed by partnership firm?
16 August 2014
No. Please check the PAN in TCS Certificate if PAN is of firm then only TDS can be claimed by firm. If its Partners Individual PAN then only the Partner can claim credit of TCS in his personal Income Tax return.
17 August 2014
I differ with sanjay.. certificate is not the deciding document. Check who purchased, thefirm or partner. If purchase is booked by firm then firm can only claim or vice versa. You may ask the collector to rectify the tcs return and give the pan of purchaser
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Payment of bonus act - notice pay recovery
- MIS MATCH OF INVOICE NUMBER
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
