Tds not deducted of party but deposited by us
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 June 2012
If an assessee paid to a party(for advertising) full amount without deducting the TDS and subsequently deposited the same out of its own pocket after discovering the mistake would that amount become legally recoverable from party should it be adjusted in next payment?
09 June 2012
yes you can adjust in next payment
Message likes :
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Guest
Guest
(Expert)
09 June 2012
You can very well adjust the amount of TDS paid as coming in the TDS certificate of deductee from the next payment in future. Such amount is recoverable.
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