Tax deducted at source
This query is : Resolved
21 December 2011
one of our assessee has deducted TDS on MICR Charges under sec 194-C for the period april to september for the financial year 2007-08 instead of sec 194- J.
Whether the expenses can be disallowed by the assessing office for that period as the TDS is not correctly deducted under that particular section.
Can he levy penalty / interest on the same even if the said TDS is deducted and paid to the government albeit under a different sub section
Whether the expenses can be disallowed by the assessing office for that period as the TDS is not correctly deducted under that particular section.
Can he levy penalty / interest on the same even if the said TDS is deducted and paid to the government albeit under a different sub section
21 December 2011
no disallowance can be made under section 40(a) SEE S K Tekriwal case
However intt etc under TDS can be levied
CA MANOJ GUPTA
JODHPUR
09828510543
However intt etc under TDS can be levied
CA MANOJ GUPTA
JODHPUR
09828510543
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