TDS Query

390 views 5 replies

14 Points Joined April 2017

my client forgot to deduct TDS on payment of 200000 to a professional ... the same can not be deducted now .. what can be the possible consequenses ?

Replies (5)

audit assistant

228 Points Joined May 2016

better to pay TDS u/s 194J @ 10%. other wise the expenditure for which the payment has been made will be disallowed u/s 40A

Manager

25955 Points Joined November 2014

yeah.. why not possible to pay now.. you can pay it with interest now na

Asst.Manager-Taxation

34 Points Joined January 2014

You can pay the tds untill the due date of your company income tax return by 30th Sept 2017 than your expenditure will be allowed in itr

student

5205 Points Joined February 2009

YOU CAN PAY NOW AND SHOW GROSS AMOUNT IN YOUR BOOKS

AMOUNT PAID PLUS TDS

Hyderabad

47 Points Joined February 2011

you can pay before filing of income tax returns so that there won't be any disallowance under sec 40A

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