a) I have deducted TDS in the month of May'07 and not remitted with 7th of June'07. Whether the expenditure will be disallowed?
b) I have an agreement with another party to share the expenses of advertisement. During the year 2007-08, the other party has paid Rs. 1,00,000 towards advertisement, he made TDS. Later, he transferred Rs. 30,000/- through debit note to me. Whether I have to make TDS on him, to get expenditure allowed?
CAclubindia
