Tds

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harshal (Querist)
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16 April 2014 hello sir,
i have recently audited co.oprative society and there is a issue like that, the society have not deducted TDS from any bills of contractors or service providers for the year 2010-11, 2011-12, 2012-13,2013-14. what is the consequences and respected solutions regarding this matter?

thanks in advance.

Rupesh Jain

Rupesh Jain (Expert)
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16 April 2014 as per income tax ace if you are not deduct the tds then exp is not allowed

it means in society case it will not consider as application of funds.

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harshal

harshal (Querist)
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16 April 2014 but if party is required any solution or advice in this regards, any solutions are there? because in fact party has to pay this liability with penalty and interest because its a govt liability.