T.D.S.
This query is : Resolved
Rajendra Kumar Sankhla
(Querist)
02 October 2010
Mr. X has taken a vehicle loan from NBFC (TATA Finance and Cholamandalam).
Mr. X has paid interest of Rs. 74,000.00 without T.D.S to NBFC.
Mr. X is audited individual concern.
Assessing officer wants to disallow the interest expenses as no T.D.S is deducted.
Is action of A.O. is correct?.
Mr. X has paid interest of Rs. 74,000.00 without T.D.S to NBFC.
Mr. X is audited individual concern.
Assessing officer wants to disallow the interest expenses as no T.D.S is deducted.
Is action of A.O. is correct?.
02 October 2010
Hi Rajendra Kumar,
The liability of deducting TDS lies with Tata finance . Thus the expense can not be disallowed
The liability of deducting TDS lies with Tata finance . Thus the expense can not be disallowed
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
