17 June 2008
Respected All, One of my client doing business of work contract of Hospital pipe line. but the hospital could not deducted TDS on that & we are charges 4% vat on contract amount. Is it right procedure or anything wrong in it? anything problem will create in future due to not deduction of TDS on contract. Awaiting your valuable guidence.
If the hospital has failed to deduct TDS, then the hospital will be in problem because that expenditure will get disallowed..u can relax as it has no impact on ur client...Anyways u will pay tax on the income at the end of year right...
CAclubindia
