I HAVE PAID ADVANCED TO CONTRACTOR AFTER DEDUCTING TDS AS APPLICABLE,BUT AFTERWORDS I HAVE TAKEN BACK MY ADVANCE MONEY...SO WHAT IS TREATMENT OF THAT TDS ?
CAN I CLAIM THAT AS GENERAL EXPENSES ?
PLEASE ADVICE.....
3 Replies
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 08 June 2010
You can use that deposited amount of TDS against any other party.
Akhil Gupta
(Manager F&A)
(856 Points)
Replied 08 June 2010
Advice as given by Shudhanshu Ji Agarwal is correct.
But what if the TDS had already deposit to the Govt. and filed the proper TDS Return and afterward discovered the this fact.
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 08 June 2010
| Originally posted by : Akhil Gupta | ||
 |
Advice as given by Shudhanshu Ji Agarwal is correct. But what if the TDS had already deposit to the Govt. and filed the proper TDS Return and afterward discovered the this fact. |
 |
In such a case you can revise the TDS return
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