we have paid lease rent to port authority without deducting TDS. Port authority may filled their return showing as their total income. what is the way out for the above issue?
Shall we apply to port for refund of TDS amount? or we can submit any form (if any) to ITO showing that port has already paid tax on rent income and will paid interest from date of TDS to be deducted to date of Port paid tax?
14 June 2016
TDs deduction is our liability, its not to trf. on that the vendor pay tax on its income. you have to deduct the tds and take the payment of TDS amount from the authority.