CA Parul Saxena (CA) (8488 Points)
01 November 2014TDS has been deducted by the company on certain expenditure but such expendiure was reimbursed by a person. Now what will be the consequences if TDS was not required to be deducted but by mistake deducted by the company????
CA Bipin Kumar
(Service)
(250 Points)
Replied 01 November 2014
Mihir
(Wealth Manager)
(5293 Points)
Replied 01 November 2014
Has the company only deducted TDS or deposited the TDS also? TDS return has also be filed or pending?
CA Parul Saxena
(CA)
(8488 Points)
Replied 03 November 2014
TDS has been deducted paid and also return has also been filed...I am asking from point of view of company whether any penalty would be levied that why tds was deducted?any problem would arise at the time of tax audit reprt next year?????
CAclubindia
