24 August 2007
ONE OF MY CLIENT HAS DEDUCTED 9% T.D.S. ON INTEREST INSTEAD OF 10% ON INTEREST. IN THE TAX AUDIT REPORT WHETHER THIS EXPENDITURE IS DISALLOWABLE OR A COMMENT ON LOWER TAX DEDUCTION IS ENOUGH. I WANT CLARIFICATION WITH REGARD TO THIS
24 August 2007
As an auditor your requirement is to form an opinion and state the reqirements as per act in the 3CD form. In the form you just make a comment on this issue and it is then the Assessing Officer who may or maynot disallow it.
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