Please Help: Income tax
Posted Date : 22-Nov-2011 , 08:54:46 pm | Posted By: Ca Rahul Mundada
Category :
Income Tax | Answers :
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Comments :
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I have VAT TDS which to my assest side since 05-06,06-07,i have written off these inthe year 0809 and debited to P& L can I Get Deduction under income tax ??? |
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Answers:
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 Answer by: Ashish Karundia |
| Dear Rahul,
I would request you to explain the nature of VAT TDS i.e. whether the same is works contract TDS or some other kind of VAT TDS. Further, whether you have deposited/discharged the sales tax/VAT to the concerned state. Further, whether the person (i.e. contractee/deductor) has deposited the amount of VAT deducted to the state government or not.
Please provide the same at the earliest.
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| Answer by: Ketan Samdani |
| The VAT tds should have been claimed against the VAT liability for the respective year.
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| Comments |
| Posted By : ASHWIN GALA |
27-Nov-2011, 12:35:44 |
| IN MY OPINION YOU CAN NOT GET DEDUCTION IN 08-09 BECAUSE IT PERTAINS TO EARLIER YEARS. |
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