Tax dedudcted at source
This query is : Resolved
14 December 2008
Sir
A company has paid sponshirsihp fees of Rs 12000$ to a foriegn co tds has not deducted what will been the consequences what is to be done?
Rs 300000 paid for co sponshirship fees for india infrastructure TDS not deducted what will be the consequences pls advice sir
A company has paid sponshirsihp fees of Rs 12000$ to a foriegn co tds has not deducted what will been the consequences what is to be done?
Rs 300000 paid for co sponshirship fees for india infrastructure TDS not deducted what will be the consequences pls advice sir
Ravikumar.G
(Expert)
15 December 2008
Disallowed Expenditure:
u/s 40(a)(i) expenditure will be disallowed if TDS is not made or no tax has been paid on them.
Penalty : u/s 271C : Sum equal to the amount of tax which he failed to deduct.
u/s 40(a)(i) expenditure will be disallowed if TDS is not made or no tax has been paid on them.
Penalty : u/s 271C : Sum equal to the amount of tax which he failed to deduct.
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
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Missed uploading GST Invoice
- Movement of goods by packers and movers - type of sale - Reg.
- ARCA LOGIN
- Closer of business and itc of capital goods
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Appointment of Auditor By Form ADT-1
- Gratuity paid to legal heir above 20 lakh is taxable or not
- 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
