One of my client is D.O. holder of coal under in Jharkhand State Mineral Development Corporation Ltd., Ranchi. The department has deducted TCS from every bill of coal and as per law My client's liability is deduct TCS from every purchaser of coal and deposit in to bank & submit quarterly TCS return. But most of the purchaser have no PAN card and they have not submitting income tax return. So in this stage what should be do?
4 Replies
Rakesh Bhalotia
(Accountant)
(97 Points)
Replied 29 July 2014
But they dont want do deduct TCS in any condition.
Amit Kumar
(Accountant)
(276 Points)
Replied 30 July 2014
Dear
Rakesh Bhalotia ask them to submit certificate 197 for low tax deduction of tax or nill if they are unable to submit that you have to deduct the particular amount deduction
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
