Consequences of Non deduction of TDS
This query is : Resolved
29 December 2010
Dear Sir/Madam,
Please explain the consequences of non compliance with TDS provisions as per Income Tax Act,1961 by an entity registered under Sec 12A of Income Tax Act 1961
Please explain the consequences of non compliance with TDS provisions as per Income Tax Act,1961 by an entity registered under Sec 12A of Income Tax Act 1961
29 December 2010
TDS Need to be Deducted and same provisions are applicable to trust that applicable to other assessee, provided audit is applicable to trust
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29 December 2010
The Consequence are :
The expenses will be disallowed.
No disallowance will be made if after deduction of tax during the previous year, the same has been paid on or before the due date of filing of return of income specified in sub-section (1) of section 139.
A person is liable to pay simple interest one and one-half per cent for every month or part of month from 01.07.2010
The expenses will be disallowed.
No disallowance will be made if after deduction of tax during the previous year, the same has been paid on or before the due date of filing of return of income specified in sub-section (1) of section 139.
A person is liable to pay simple interest one and one-half per cent for every month or part of month from 01.07.2010
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29 December 2010
Dear Sir,
Thanks
Thanks
29 December 2010
In Trust, No Disallowance is Made as No such provisions.PROVIDED NO AUDIT
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29 December 2010
Dear Sir,
If there is no dis allowance than only interest provisions and penalty provisions apply na
If there is no dis allowance than only interest provisions and penalty provisions apply na
29 December 2010
no it is diallowed & at the same time interest provisions are applicable
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