TDS NOT DEDUCTD
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 September 2010
WHILE AUDITING YEAR 2009-10, I FOUND THAT ON TRANSPORTER UPTO 30-09-2009, TDS NOT DEDUCTED.
AMOUT PAID RS. 95000/-.
NOW UNDER IT ACT, THIS EXPENSE IS DISALLOWABLE.
BUT IF MY CLIENT DEDUCT TDS & PAID TO GOVT BEFORE SEPTEMBER THAT IS RETURN FILLING.THEN WEATHER THIS WILL BE ALLOWABLE IN 09-10 YEAR NA.
PLS REPLY.
WHILE AUDITING YEAR 2009-10, I FOUND THAT ON TRANSPORTER UPTO 30-09-2009, TDS NOT DEDUCTED.
AMOUT PAID RS. 95000/-.
NOW UNDER IT ACT, THIS EXPENSE IS DISALLOWABLE.
BUT IF MY CLIENT DEDUCT TDS & PAID TO GOVT BEFORE SEPTEMBER THAT IS RETURN FILLING.THEN WEATHER THIS WILL BE ALLOWABLE IN 09-10 YEAR NA.
PLS REPLY.
23 September 2010
yes. if the TDS Paid before filing the IT return same will be allowed
23 September 2010
Yes... your understanding is correct.
Just pay the TDS along with interest applicable for late payment of TDS.
Just pay the TDS along with interest applicable for late payment of TDS.
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