Easy Office
LCI Learning

Tcs............

This query is : Resolved 

28 December 2022 When any payment made to resident and tds not deducted or tds deducted but not deposited before the due date of return filling, 30℅ of expenses disallowed under PGBP in income tax act. My doubt is that wheather any disallowance if tcs collected by the assessee not deposited within due date of return filling.

29 December 2022 No. The section 40(ia) of the act, speaks about TDS and not TCS...

29 December 2022 Thank you very much sir.




29 December 2022 My pleasure..



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries