Short Deduction of Tax


This query is : Resolved 

21 June 2008 As per Sec.197 tax has been deducted at Concessional rate to a limit provided by deducting authority what happen if tax continues to be deducted at concessional rate. and in next FY it has been deduted for balance tax & has been deposited. When the expenses will be allow prevailing of Last FY.

What if TDS deducted u/s 194 C instead of 194 I.

Pls also verify S/40 of IT Act

22 June 2008 if less tax is deducted then proportionate exp will be disallowed.
& if short tds, deducted afterwards & deposited upto date of filing of return then the exp will be allowed as per the recent amendment.

23 June 2008 Please provide the amendment as per which we can claim the expenses before filling of return.

23 June 2008 Please provide the amendment as per which we can claim the expenses before filling of return.

16 June 2023 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp


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