43B
This query is : Resolved
28 June 2010
Is TDS made by the company covered under the meaning of 'tax' as mentioned in section 43B?
In other words, if Company does not deposit the TDS made, then will there be any disallowance u/s43B.
Thank you,
Is TDS made by the company covered under the meaning of 'tax' as mentioned in section 43B?
In other words, if Company does not deposit the TDS made, then will there be any disallowance u/s43B.
Thank you,
28 June 2010
Yes, if assessee doesn't DEDUCTE as well as DEPOSIT TDS before time limit, then there will be disallowance.
28 June 2010
There will be disallowance u/s 40(a)(ia) and not 43B and the disallowance will be of the expenses on which TDS has been dcducted and not paid and not of only the TDS amount.
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