Tds

This query is : Resolved

Himanshu Agarwal (Querist)
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07 November 2018 I made a full payment on which tax need to be deducted but not deducted.
Now other person refused to return the tds amount as he said i am already showing the full income in my return and according tax has been paid.
What should i do?

CA Suresh Jain

CA Suresh Jain (Expert)
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07 November 2018 You need not deduct it now and get 30% of the expense disallowed if to answer all the following is "yes" :

1. The Payee is a resident,

2. The TDS % is 10% or more
3. The rate of Income tax applicable to you less than 30%