Is there is no way, so that the Firm can claim the credit of it.
BHAGYESH RAVANGE
(C.A Job)
(1528 Points)
Replied 29 August 2009
Is there is no way, so that the Firm can claim the credit of it.
Even partner can't claim the TDS becase if he claim TDS then question of not offering that part of income will arise in case of partner. So ask your deductor to revice TDS return. One more option is explain the matter to ITO in formal letter saying that mistake commited. Enclos copy of partner return of income saying that he didn't claim that part of TDS. Try this. But i am not sure whether he will accept or not.
Lokesh_Agarwal
(tax consultant)
(81 Points)
Replied 31 August 2009
plz repeat the question i m anable to understand ur querry
MS SAMEER
(CMA*CA*CMDM*ast FUND MANAGER*LEGAL ADVISOR)
(14938 Points)
Replied 02 September 2009
It is deposited in the name of the partner. I know that there is no option but the refund amount is in lacs.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
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