tds not deducted by debtor

This query is : Resolved

PANKAJ MISHRA (Querist)
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24 March 2009 We are a co. and an individual paid us Rs.77068/- in the period 1.4.2008 to till date. but not deducted TDS.
What will be the consequences.

Ram Avtar Singh

Ram Avtar Singh (Expert)
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24 March 2009 Please clear purpose of payment. if contractor then TDs applicable otherwise tds not applicable on sale and purchase

PANKAJ MISHRA

PANKAJ MISHRA (Querist)
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24 March 2009 Party paid to us against our bill of monthly mainenance charges of his office building.

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K V Subba Rao

K V Subba Rao (Expert)
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24 March 2009 TDS provisions apply for payments made by "specified person" only.

If Payer has failed in his statutory responsibility, only Payer is affected but not Payee

In your case, check up, if payments made by Payer attract TDS provisions, if so, you may like to advise him suitably more from mainaining cordial relations point of view than tax angle