02-18-2009, 06:07 PM
Dear
You may have to study the penal clauses and the conditions which make some one assesse in default.
However, if some one (supplier) gets the un-taxed gross payment then it may not become an issue for him if his own taxation does not fall under presumptive regime.
However, if his income is taxed under presumptive provisions, he can do the following
- he can request the payer to deduct the tax amount (remained undeducted) from any next payment received by him from the payer, if it is possible.
- if not, he can get the NTN number of payer, prepare a cheque and tax payment challan mentioning NTN number of the payer, and pay the required amount at his own.
This way he can manage to keep his-self within presumptive regime.
However, sometimes people deduct more than required amount of tax. If some one's tax has been deducted on some of the payments in excess of the required amount, he should assess what he should deposit at his own. Means he should adjust the excess amount against the amounts which remained undeducted and then deposit the balance amount.
This is a critical issue. I mentioned only what one can manage to do in such circumstances.
Regards,
KAMRAN.
