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Tds deducted not deposited by deductor

ramesh agrawal (business) (179 Points)

31 August 2013

I have rented out a commercial property to a company. They are deducting TDS from rent since January 2013. But they have not yet deposited any amount to the dept. according to my Form 26AS. They have also not issued me any TDS certificate till date inspite of repeated requests. What are the steps I can take so that they issue me TDS certificates?

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CA Pallav Singhania (IT System Auditor) (33678 Points)
Replied 31 August 2013

Tax Information Network (TIN) offers a facility for taxpayers to view Annual Tax Statement (Form 26AS) online. Form 26AS contains the following:
* Details of tax deducted/collected on behalf of the taxpayer by deductors/collectors.
* Advance tax/Self assessment tax/Regular assessment tax etc. deposited by the taxpayers.

How to Register to view your tax credit online.

Registration & authorization is a one-time activity.

1. Fill the online application at NSDL’s website www.tin-nsdl.com. Choose a user ID and password at the time of application.

2. Print the acknowledgment generated on submission of the application online. TIN - Facilitation Centre (TIN-FC) selected by you during registration will contact you for inperson verification. (You can also visit TIN-FC for inperson verification. List of TIN-FC is available on TIN website.)

3. The TIN-FC will verify the identity of the tax payer with the original PAN card available with the tax payer and after verification the TIN-FC will authorize the application.

4. Three days after authorization you can view your tax credit (Form 26AS) using the user ID and password chosen at the time of application online. The link to view the Tax Credit is https://www.tin-nsdl.com/panregistration_viewtax.asp

Charges.

TIN-FC will charge the following for authorization:
a) Rs.15 (+ service tax as applicable) for authorization of PAN registration request if the tax payer visits the TIN-FC. To locate a TIN-FC near your home https://www.tin-nsdl.com/TINFaciliCenter.asp
b) Rs.100 (+ service tax as applicable) for authorization of PAN registration request if TIN-FC visits tax payer.

No charge for viewing Form 26AS online.

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CA Deepika Jain (Working on Assignment Basis) (34 Points)
Replied 03 September 2013

Dear Ramesh,

If they have deducted and deposited TDS then it must be reflected in 26AS. If they have done so might be there is some mistake in TDS return filed by them like misstatement of your PAN etc. so, request them to revise their return.

Have they not explained you the reason that why they are not issuing you the TDS certificate? If they don't issue it they are liable to penalty as per Income Tax Act.

If they are create the same problem then ask them not to deduct the TDS in future.

Regards

Deepika Jain