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?

Ca Anand Dubey

Ca Anand Dubey (Expert)
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09 June 2012 yes you can adjust in next payment

Message likes : 1 times

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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