Tax Deducted at Source
This query is : Resolved
CA. Vipul V. Garg
(Querist)
07 May 2008
Will pls. someone help me?
If the TDs is not deposited in time with the department then what are its repurcussions other than levy of 1%intt. p.m. on the amount not deposited.
If the TDs is not deposited in time with the department then what are its repurcussions other than levy of 1%intt. p.m. on the amount not deposited.
CA Hemant T Dewani
(Expert)
08 May 2008
if tds amount is not deposited in time then before the closing of year then the whole amount of expencess is disallowed u/s 40a(ia) of the said act & tax is to be paid on that amount
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