TDS on freight

This query is : Resolved 

14 September 2009 any body tell me how I can save tax on the frieght amount on which I hav not educted tds.

Total frieght amoun is Rs. 8.00 lacs to a singal person........

Pls guide me ..

15 September 2009 If it is a proprietorship firm and first year of audit, no need to deduct TDS

15 September 2009 tis is not propreitorhsip firm. Its Pv tltd comany and 10 years old.......


15 September 2009 Do not debit these expenses to the profit & loss account, or debit it . What is the profitability position of the company? Nature of business? Directors capital account position?



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