i have not deducted the tds for the f.y 2018-19 for the professional services for an amount 40000/-.
i have made full payment and there are no chances for taking future services to adjust the same from the vendor.
what to do now to escape from disallowance under section 40a.
The 30% expenditure shall be disallowed in year 18-19 and
a single way to allow the expenditure in next year is to deduct TDS in next bill and pay to govt in next year( upto 31-03-2020).
CAclubindia
