Tds v/s 40(a) (i)
This query is : Resolved
05 January 2012
As per Sec 40(a)(i) cartein payments are not deductible from business income when TDS is not deducted
with in said dua dates...!!!!!!!!!!
My doubt is Mr.A deducted from Mr.X (contractor) of amount Rs.1,000 as per 194C on amount Rs.1,00,000 .
But Mr.A is deposited only Rs.500 to the credit of C.Govt .
In this case can Mr.A claim expenditure Part amount or not???
Thanks in advance
with in said dua dates...!!!!!!!!!!
My doubt is Mr.A deducted from Mr.X (contractor) of amount Rs.1,000 as per 194C on amount Rs.1,00,000 .
But Mr.A is deposited only Rs.500 to the credit of C.Govt .
In this case can Mr.A claim expenditure Part amount or not???
Thanks in advance
05 January 2012
Yes he will claim expenditure for part amount. but he will liable for shortfall tds payment.
06 January 2012
Yes, he can claim part amount.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Legal heir raised refund , but refund issued to the closed account of deceased.
- TDS NUMBER SURRENDER
- Gst Sales of FY 2023-24
- Offsetting interest income against derivative trading losses
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- RCM - commercial rent paid to URP under GST
- Doubt in Form AOC 4
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
