Tds

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anckoora (Querist)
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17 November 2011 Dear Sir,

To take part in 5 Exhibitions at 5 different places on 5 different dates, we have paid to Exhibition Organiser five cheques of 34300/- each (35000 less 700/- TDS-94C). Now one exhibition is over and they have sent one bill. We paid that bill after adjusting advance of 35000/-.
Now we will not take part in remaining 4 exhibitions. We want our money of 4 Exhibition (paid in advance) back. My question is what amount we should get back. 35000 or 34300 ? Since, we have deducted TDS and deposited in bank also.
If we receive @34300/-, then we have to give them Form 16A for 4 exhibition in which we have not taken part. Also party will not give @35000/- as we have deducted TDS and deposited in bank.
Confusion. pl. advise.
anckoora

VISHRUT

VISHRUT (Expert)
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17 November 2011 The amount you will get back will be the amount you paid only i.e. Rs. 34,300/-

And you will need to give them Form 16A for all amount.

Party will take TDS credit on the same.