banner_ad

Disallowance for no TDS made

This query is : Resolved 
Profile Image

Profile Image

(Querist)
02 May 2009 We have hired services of placement agencies in June 08 and accordingly bill was raised on our company for Rs 23586/- including service tax Rs 2600/- But while booking the expenses the TDS was not deducted. Later on we had dispute with the placement agency and we decided not to pay the amount. On 31-03-2009 we have written off the amount due to the placement agencies.
Now our statutory auditor is asking us to pay TDS on the same alongwith interest otherwise the expenditure will be disallowed in Income Tax for non deduction of TDS. So my query is whether the TDS needs to be deducted because for us this amt is written off and ultimately credited to P&L.
Profile Image

Tushar Yerawar

Profile Image

Tushar Yerawar (Expert)
02 May 2009 If amount is charged to P&L Account and reverse in same financial year then there is no question of disallowance.

Because for payments/credit during Apr to Feb, TDS should be deducted and remited by 31st march. If you have reverse the amount on 31.03.2009 then there is no question of disallwance.
Profile Image

taxindiaconnect

Profile Image

taxindiaconnect (Expert)
02 May 2009 Agreed with the view of Tushar on this matter. No TDS is rquried to be deducted and no need of disallowance in Income tax return also
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details