TDS
This query is : Resolved
30 May 2011
Hi!
My client (firm) is providing professional services and its TDS is deducted by the company u/s 194J but while depositing the company deposited it u/s 194H (Commission) and accordingly show it in the return under Commission paid.
I want to know whether the firm will face any difficulty in taking credit of the above mentioned TDS deposited by the company though the company show all the receipts in its profit & loss A/c as professional receipts.
My client (firm) is providing professional services and its TDS is deducted by the company u/s 194J but while depositing the company deposited it u/s 194H (Commission) and accordingly show it in the return under Commission paid.
I want to know whether the firm will face any difficulty in taking credit of the above mentioned TDS deposited by the company though the company show all the receipts in its profit & loss A/c as professional receipts.
CA. RAVIKUMAR
(Expert)
30 May 2011
If your client takes the income as a Commission there is no problem in Taking credit.
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