11 December 2015
My qwery is that if we have deducted the tds while making payment to the party and deposited the sum in the govt treasury but the tds return has not been filed with the department, will the party get the credit of tds paid by us in their return or it will be disallowed
11 December 2015
If you do not file the return the department dont get to know against which PAN TDS has been deducted. Based on the PAN mentioned in your TDS return the TDS is credited against respective PAN of the party. SO unless you file TDS return the deductee will not get credit of TDS deducted from him.
CAclubindia
