IF TCS HAS BEEN DEDUCTED BUT COULD NOT BE DEPOSITED TO THE CREDIT OF GOVT. THEN WILL THEIOR BE ANY DISALLOWANCE?
CA. Rajat Tayal (Chartered Accountant) (64 Points)
24 September 2009IF TCS HAS BEEN DEDUCTED BUT COULD NOT BE DEPOSITED TO THE CREDIT OF GOVT. THEN WILL THEIOR BE ANY DISALLOWANCE?
Sorabh Gupta
(Manager ( Taxation ))
(877 Points)
Replied 24 September 2009
Yes Rajat As per provision of section 43B sya . Please refer it.........
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 24 September 2009
If any tax deducted but not paid to the credit of govt., such tax shall be disallowed...............