{"id":22347,"date":"2021-10-15T17:41:40","date_gmt":"2021-10-15T12:11:40","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=22347"},"modified":"2021-10-16T09:29:34","modified_gmt":"2021-10-16T03:59:34","slug":"tds-deducted-in-one-assessee-but-to-be-claimed-in-another-assessee","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/tds-deducted-in-one-assessee-but-to-be-claimed-in-another-assessee\/","title":{"rendered":"TDS DEDUCTED IN ONE ASSESSEE BUT TO BE CLAIMED IN ANOTHER ASSESSEE"},"content":{"rendered":"<p>DURING AY 2017-18, PROPREITORSHIP FIRM WAS CLOSED AND PVT LTD COMPANY WAS FORMED. ALL THE WORK\/CONTRACT WERE EXECUTED AND UNDERTAKEN IN PVT LTD COMPANY, BUT THE CONTRACTOR DEDUCTED TDS IN INDIVDUAL\/PROPRIETORSIP FIRM.<\/p>\n<p>THE INDIVIDUAL IN HIS RETURN HAS NOT OFFERED ANY CONTRACT INCOME AND ALSO NOT CLAIMED THE TDS REFLECTED IN HIS FORM 26AS. AND THE PVT LTD COMPANY HAS OFFERED ALL THE INCOME AND ALSO CLAIMED TDS WHICH IS REFLECTED IN FORM 26AS OF INDIVIDUAL.<\/p>\n<p>ASSESSMENT PROCEEDING U\/S 143(3) OF PVT LTD COMPANY FOR SAID AY UNDERTAKEN, WHEREIN NO ADDITION WAS MADE AND RETURNED INCOME WAS ACCEPTED. BUT IN COMPUTATION SHEET TDS CREDIT WAS NOT GRANTED AND DEMAND WAS RAISED.<\/p>\n<p>IN RETURN OF INCOME OF AY 2017-18, THERE IS NO OPTION TO CLAIM TDS PERTAINING TO OTHER PAN (OPTION OF SELF\/OTHER PAN) LIKE THE OPTION AVAILABLE IN RETURN UTILITY OF AY 2020-21 AND 2021-22.<\/p>\n<p>PLEASE ADVISE\u00a0 WHAT STEP IS REQUIRED TO BE TAKEN BY PVT LTD COMPANY, GIVEN THE FACT THAT THE CONTRACTORS ARE NOT IN POSITION TO RECTIFY THERE TDS RETURN?<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[139],"qa_category":[23],"qa_tag":[389,326],"class_list":["post-22347","qa","type-qa","status-publish","hentry","qa_expert-research-team","qa_category-income-tax","qa_tag-credit-for-tax-deducted-at-source-mismatch-form-no-26as","qa_tag-credit-for-tds"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/22347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=22347"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=22347"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=22347"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=22347"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=22347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}