Short Deduction of Tax
This query is : Resolved
Vivek Gangwal
(Querist)
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
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.
& if short tds, deducted afterwards & deposited upto date of filing of return then the exp will be allowed as per the recent amendment.
Vivek Gangwal
(Querist)
23 June 2008
Please provide the amendment as per which we can claim the expenses before filling of return.
Vivek Gangwal
(Querist)
23 June 2008
Please provide the amendment as per which we can claim the expenses before filling of return.
Dhirajlal Rambhia
(Expert)
16 June 2023
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