Tds not deducted
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 September 2013
Is there any penalty applicable if TDS is not deducted but paid.
CA Parul Saxena
(Expert)
21 September 2013
expenditure will not be allowed if tds not deducted.
Nikhil Kaushik
(Expert)
21 September 2013
generally TDS is deducted before it is paid. The situation you are referring to would normally arise if the payment to vendor has been made without deduction.
One way around is to book the expense in your books gross of the TDS paid. That way you can demonstrate that TDS was deducted and then paid.
One way around is to book the expense in your books gross of the TDS paid. That way you can demonstrate that TDS was deducted and then paid.
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