Tds recovery from client
vijay
(Querist) 31 October 2012
This query is : Resolved
Dear Sir
I am working in an organisation as accountant.We are deducting TDS on certain payments as per Income Tax Act and deposting to Central Govt.
Last Year I made a mistake and did not deduct TDS on a certain payment.To protect ourself from Interest and penalty on non deduction of TDS our company paid the TDS amount to Govt which was not actually deducted.Now we have been asking that amount from the customer as refund but they(customer for which we paid TDS) are not paying the amount to us.
Is there any legal solution to recover the amount from them.If yes kindly tell me for the solution.
Kindly help me to solve the issue i shall be so much thankful.
Thankful.
Sankaranarayanan
(Expert) 01 November 2012
Normally while pay the amount you suppose to detect and paid .
According to the statement of you, the amount of TDS was paid by you additionally. What kind of transaction with them from your company, are they are your supplier ?
If then you detect those amount from the future payment.
More over you write a letter to them stating the details regarding it , and wait for their reply
