Disallowance of Provision for Expenses if TDS not deducted
This query is : Resolved
Quick Summary
manoj sonalkar
(Querist)
24 December 2021
Sir
Auditor has disallowed provision for expenses made at year end , in Tax Audit , as no TDS was deducted.
Is it now necessary to pay interest on non payment of TDS.
TDS was later deducted & deposited on actual bill booking.
Thanks,
Auditor has disallowed provision for expenses made at year end , in Tax Audit , as no TDS was deducted.
Is it now necessary to pay interest on non payment of TDS.
TDS was later deducted & deposited on actual bill booking.
Thanks,
B Sathyanarayanan
(Expert)
24 December 2021
yes you have to pay under section 40 (3) you have to pay with interest under section 234 F
manoj sonalkar
(Querist)
24 December 2021
But already there is dis allowance u/s 40(a)(ia).
So what is the need to make interest payment.
So what is the need to make interest payment.
02 January 2022
To claim it under ITR, if not filed.
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