Rakesh Bhalotia (Accountant) (97 Points)
29 July 2014One 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?
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
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