Alowable of Technical fees, amount paid to Non Resident
This query is : Resolved
10 December 2009
Dear expert
Plz clarify the allowable of Technical fees if the deductee has not deducted TDS on Payments of technical fees 2008-2009 and same deduction is not claim but the assessee has deposited TDS(C.Govt.) without deduting TDS,the assesee Can claim such disallowed expenses earlir in 2009-10 ?
Further if the assessee deposited TDS without deducting in 2008-09 can claim such expenses?
Plz clarify the allowable of Technical fees if the deductee has not deducted TDS on Payments of technical fees 2008-2009 and same deduction is not claim but the assessee has deposited TDS(C.Govt.) without deduting TDS,the assesee Can claim such disallowed expenses earlir in 2009-10 ?
Further if the assessee deposited TDS without deducting in 2008-09 can claim such expenses?
10 December 2009
Yes. The assessee can claim such expenses in the year he has deposited the TDS in treasury account of Central Government.
10 December 2009
The TDS should be deposited grossed up. If tax rate is 20%, then deposit 25% of Invoice value if full payment has been given to the party.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales return eway bill
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Long Term Service award taxability in hands of company
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Loan by Partnership Firm
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
