Disallowance of expenses

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 July 2013 Is there any disallowance, if tds is not deducted on advances

23 July 2013 advances? what is the nature of transaction.

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Querist : Anonymous

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23 July 2013 Advances given for expenses, e.g. labour charges

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 July 2013 Advances given for expenses, e.g. labour charges

23 July 2013 yes,
tds if actually deductible on any advance and if not deducted then such exp is disallowed.

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 July 2013 but, current year we receive only advance , there is no expenditure incurred , than what to disallow?

23 July 2013 advances given are exp only paid in adv so for current year it will go to profit and loss a/c.


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