demend not raised for tax deducted bill

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VIPIN JAIN (Querist)
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20 March 2008 Our banker selected an professional association to valuate our property for granting Loan to us. Bill of Valuation is given to our company.
We have deducted and deposited TDS at the time of booking the Expenses. But demand is not raised by party. Whether we should reverse the Exp. or wait & look for Time-Barred-debts.
By how much amount we should book the Exp. while in earlier loan taken by same bank no bill raised in this respect.
We are suspecting, bill may be fraudy or raised to our bank as well as to our co. simultaneously.
Plz. help me out . Thanks in Advance

kartik_somu

kartik_somu (Expert)
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20 March 2008 For what amount did u book the expenses?
How do u know the amount that would be chrged by the Association?

VIPIN JAIN

VIPIN JAIN (Querist)
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24 March 2008 total amt.=35000
TDS = 3605 (35000*10.30%)
1: exp.is booked for Rs.35000
2: amt. was exist on bill which was raised by Asso. to our co.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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11 May 2012 You should for the debt to become time barred.

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