We did works contract for M&M in 2000 for which they deducted approx. 32000 as tds. However e did not get the cert at that time. We have a copy of their ledger stetement showing this deduction. Now Tax authorities are insisting on the tds Cert FORM XL, which we do not have . M&M is not giving on the pretense that it is very old matter and not possible to dig out the records. Why we should be penalised by tax authorities for payment deducted in advance? Can they not tell M&M to give the cert.? What is the solution?
CAclubindia
