Tcs............
This query is : Resolved
28 December 2022
When any payment made to resident and tds not deducted or tds deducted but not deposited before the due date of return filling, 30℅ of expenses disallowed under PGBP in income tax act. My doubt is that wheather any disallowance if tcs collected by the assessee not deposited within due date of return filling.
29 December 2022
No. The section 40(ia) of the act, speaks about TDS and not TCS...
29 December 2022
Thank you very much sir.
29 December 2022
My pleasure..
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