Non payment of TDS on Contractor.
This query is : Resolved
23 February 2010
I have not deducted TDS on contractor not paid to govt. in the year 2008-09. And this expenses is disallowed in the year 2008-09.
My question is now at what rate we should deduct TDS, what is interest, What is penalty, and this expenses will be allowed in the current year i.e.2009-10.
Pl guide.
My question is now at what rate we should deduct TDS, what is interest, What is penalty, and this expenses will be allowed in the current year i.e.2009-10.
Pl guide.
23 February 2010
Deduct @ applicable in the year 2008-09 and expenses will be allowed in the year of payment of TDS
24 February 2010
Thanks for the reply. I would also like to know about penalty. At what rate I have to make payment of penalty and It will be great help to me if you can tell under which section I pay tds of last year and get expenses allowed in the current year.
Regards.
Regards.
24 February 2010
Thanks for the reply. I would also like to know about penalty. At what rate I have to make payment of penalty and It will be great help to me if you can tell under which section I pay tds of last year and get expenses allowed in the current year.
Regards.
Regards.
24 February 2010
PENALTY OF RS. 100/- PER DAY SUBJECT TO MAX. OF TDS AMOUNT.
SEC 194C
SEC 194C
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
