TDS

This query is : Resolved

Nagaraj (Querist)
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18 February 2011 sir,

Trust is Running school, and make some many payments as advertisment, Rent, professional charges etc. But not deducted TDS.
As per IT Act if we not deduct TDS expenses will be disallowed.
What is the impact on trust?, if expenses disallowed means, expenses add back to income. In our case Income only is not taxable.
Expenses disallowed means it is not taxable. only add back to income..

kindly clarify.

Guest

Guest (Expert)

18 February 2011 Provision of disallowance of expenses for non-deduction of TDS is applicable only for business income and therefore, it will not applicable for trust.

Nagaraj

Nagaraj (Querist)
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19 February 2011 Thank you sir,for your quick and clear information.

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Guest

Guest (Expert)

20 February 2011 For thanks also use thank user icon.