TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 June 2011
Suppose a Trust Deduct TDS ,but do not deposit TDS before filling of return,what are consequences ,
1. wheather the expenses should be disallowed
if disallowed , what is the treatment,as trust is exempted from tax.
1. wheather the expenses should be disallowed
if disallowed , what is the treatment,as trust is exempted from tax.
15 June 2011
Yes expenses will be disallowed.
15 June 2011
Yes the expenses will be disallowed apart from this penalty proceeding may be initiated u/s 221 for late deposit of TDS. (Maximum Penalty 100% of Tax Amount)
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