TDS DEDUCT ON GREATER AMOUNT

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 August 2010 IF TDS DEDUCTOR DEDUCT TDS ON GREATER AMOUNT, WHAT OPTION ASSESEE HAVE?
EXAMPLE
ACTUAL WORK FOR RS. 20000/-

BUT DEDUCTOR DEDUCT TDS ON 200000/-

ASSESEE RECEIVED ONLY 20000/- AND HIS ACTUAL INCOME RS. 20000/-

BUT TDS DEDUCTOR ISSUE FORM 16A FOR RS. 200000/-

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

16 August 2010 ASK THE DEDUCTOR TO REVISE TDS RETURN.

Aditya Maheshwari

Aditya Maheshwari (Expert)
Follow

16 August 2010 You please tell the deductor to file revise TDS return as income against your name has been booked as Rs. 200,000/- insetad of Rs. 20,000/- and A. O. could add the difference in your income.

Upgrade to CAclubindia Pro. Subscribe Now!

CA Sanat Pyne

CA Sanat Pyne (Expert)
Follow

16 August 2010 ASK THE DEDUCTOR TO REVISE TDS RETURN. IF THEY DONT WANT TO REVISE THE SAME.
NO NEED TO BOTHER ABOUT THAT . IF ASSESSEE ISSUED AN INVOICE OF RS 20000/- AND RECEIVED THE SAME . FOR ASSESSEE'S SAFE SITE IT IS BETTER TO TAKE THE CONFIRMATION FROM THE CLIENT FOR RS. 20000/-.
ONCE AGAIN I SAID IF ASSESSEE CAN PROOF HIS INCOME IS 20000/- WITH SUPPORTING DOCUMENTS (LIKE CONFIRMATION FROM PARTIES)THEN NO PROB.