Today news
About the same in other media
19.12 - 09:23
How to claim TDS credit in ITR if deductor didn’t deposit TDS with government?
Reading now: 687
financialexpress.comFor quick and efficient collection of taxes, the Income Tax Law has incorporated a system of deduction of tax at the point of generation of income. This system is called ‘Tax Deducted at Source’, commonly known as TDS. Under this system tax is deducted at the origin of the income. Tax is deducted by the payer and is remitted to the government by the payer on behalf of the payee.
However, how should you claim TDS credit in the Income Tax Return if the deductor hasn’t deposited TDS with the Income Tax Department?
Tax experts say a taxpayer should approach his deductor and request to deposit TDS with the government and file a TDS statement. However, he has no legal power to enforce the deductor to do so. Thus, if the deductor has refused the
Read more on financialexpress.comAbout this in other media
Crypto Credit Cards: How They Are Different ndtv.com /2 years ago
Electric cars: deadline nears to claim home charging grant theguardian.com /2 years ago
How City firms are still falling short on ethnic diversity in numbers fnlondon.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
