25 November 2010
my client of following project completion method a.y. 2008-09, we dr. labour charges approx. 80,00,000/- on W.I.P A/C. T.D.S not deducted , will labour charges will be disallow. please provide full details
25 November 2010
Since no expenses is being claimed no disallowance would be made. however for income tax purpose the carried forward of WIP will reduce to that extent.