Please Help: Income tax
Posted Date : 22-Nov-2011 , 08:54:46 pm | Posted By Ca Rahul Mundada
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 ???
Category : Income Tax | Answers : 2 | Comments : 1 | Hits : 288
Answers
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.
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.
Answer By: Ketan Samdani
The VAT tds should have been claimed against the VAT liability for the respective year.
Comments
ASHWIN GALA
27-Nov-2011 , 12:35:44 pmIN MY OPINION YOU CAN NOT GET DEDUCTION IN 08-09 BECAUSE IT PERTAINS TO EARLIER YEARS.