TDS

This query is : Resolved

Report Abuse Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

21 March 2011 Paid Advance Tax Instead of TDS.
what to do next.
Do I have to pay TDS or their is a remedy.

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
Follow

21 March 2011 No remedy.. you have to pay TDS.

Advance tax ... you pay for self while

TDS... you pay on behalf of others..

Hence, both can not be adjusted.

CA.ViVeK M ACA

CA.ViVeK M ACA (Expert)
Follow

21 March 2011 Even if you had paid the advance tax, you are oblied to deduct the tax and collect the same and remit the same within the due dates specified under the relevant statues...

Upgrade to CAclubindia Pro. Subscribe Now!