tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 January 2011 As I am deducted for person whose payment not exceed 30000 in ayear (professional) and not paid the deducted amount ,can I claim that expenses as deduction in the computation of income on the ground that I am not liable to deduct tax or otherwise its not deductible ? please clarify
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
26 January 2011 Yes you can claim as the amount paid does not attract TDS. You can refund the TDS amount to deductee.
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Querist : Anonymous

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Querist : Anonymous (Querist)
27 January 2011 is that deduction caught under 43B and liable to be disallowed
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Guest

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Guest (Expert)
28 January 2011 Query is not clear
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
28 January 2011 You have wrongly deducted and now you are refunding the TDS amount to party hence no question of any disallowance arises.
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Guest

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Guest (Expert)
29 January 2011 Yes agree with Mr. Gupta

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