IS IT MANDATORILY TO DEDUCT TDS AFTER DISALLOWING EXPENSES IN INCOME TAX RETURN
This query is : Resolved
Quick Summary
Sunil Yadav
(Querist)
25 March 2024
AFTER DISALLOWING EXPENSES IN INCOME TAX RETURN ON GROUND OF NON-DEDUCTION OF TDS, CAN INCOME TAX OFFICER ASK TO PAY TDS ON DISALLOWING EXPENSES IS IT MANDATORILY OR OFFICER ASK FOR SHOW CAUSE WHY ASSESSEE NOT AS ASSESSEE IN DEFAULT
CA R SEETHARAMAN
(Expert)
26 March 2024
Officer can ask for show cause why assessee not an assessee in default.
Sunil Yadav
(Querist)
26 March 2024
Okay then what i have supposed to do we disallowed the same in income tax u/s 40a(ai)
CA R SEETHARAMAN
(Expert)
26 March 2024
Deduct and pay with interest and claim expenses in next year.
Sunil Yadav
(Querist)
26 March 2024
What happened if we don’t deduct and pay the TDS
CA R SEETHARAMAN
(Expert)
26 March 2024
See the earlier reply
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