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
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.
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