Interesting tds

This query is : Resolved 

12 December 2013 if asseesse doesnt deduct tds and agree to pay amount equal to tds from his income then that payment for which tds must be deducted is allowed as expense?

12 December 2013 No it will not allowed. any direct tax exp will not allowed under any secs. further liability to deduct tax is on payer. Failure of which result in assessee in default. consequently penalty and int.will be levied.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries