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.
Dhirajlal Rambhia
(Expert)
02 January 2022
To claim it under ITR, if not filed.
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