TDS

This query is : Resolved

Raj Dutta (Querist)
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08 December 2010 a firm has TDS in its B/s as on the date of dissolution.

The firm has not filed its IT return for last three years .
so how to account for the TDS amount relating to AY 2009-2010

Please help Its urgent.

thanks & regards

raj

Balakrishnan

Balakrishnan (Expert)
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09 December 2010 Tds ac can not be divided, since the refund will be issued only in firm name. you retain that ac in BS correspondingly the cap acs of partners in their pl sharing ratio. File returns and get refund and distribute to partners. For this purpose atleast you have to maintain the bank ac with min bal