T.D.S.
This query is : Resolved
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
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
