10 December 2009
Dear expert Plz clarify the allowable of Technical fees if the deductee has not deducted TDS on Payments of technical fees 2008-2009 and same deduction is not claim but the assessee has deposited TDS(C.Govt.) without deduting TDS,the assesee Can claim such disallowed expenses earlir in 2009-10 ?
Further if the assessee deposited TDS without deducting in 2008-09 can claim such expenses?
10 December 2009
The TDS should be deposited grossed up. If tax rate is 20%, then deposit 25% of Invoice value if full payment has been given to the party.