05 August 2008
We have deducted tds on professionals and paid to the dept. but subsequently we have recovered the amount paid to the consultant.what to do with tds deducted deducted and paid to the dept.
05 August 2008
You give a debit note to the party wrt the TDS amount. Issue a tds certificate to the party And the party will claim it into its assessment.
07 August 2008
TDS certificate is to be issued to the deductee once tax at Source has been deducted. It is immaterial whether the expenses incurred have been recovered from an agency or the payee or not.
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