SHORT DEDUCTION OF TDS
This query is : Resolved
21 October 2008
What will happen, if the TDS required to be provided is provided at low %.
Is there any penalty or is there any dissallowance in that case? It disallowance is there - is entire amount dissallowed or proportionate amount(ie to the extent of lower deduction)
Please clarify me
Is there any penalty or is there any dissallowance in that case? It disallowance is there - is entire amount dissallowed or proportionate amount(ie to the extent of lower deduction)
Please clarify me
Guest
Guest
(Expert)
21 October 2008
the said rule as I written prior to this will be applicable and as u asking about proportion then law is silent about it.
as per income tax act the amount of exp will be allowed in the year when it's paid.
as per income tax act the amount of exp will be allowed in the year when it's paid.
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