tds
This query is : Resolved
08 April 2009
for the financial year 2007-08 a company made provision for audit fees but did not made provision for tds on audit fees . Now comany has to made payment to auditors whether it should deduct the tds now. what problems may arise. please guide properly.
thanks
thanks
CA.Tarun Maheshwari
(Expert)
08 April 2009
better is to deduct TDS now and deposit it. Atleast in case, if you are asked, you can say that TDS was not deducted due to mistake. and revise your fourth quarter tds return of 2007-08. I have never came across such situation, so can't say whether it shall be possible to file TDS return so late by etds mathods.
CA Nitin Wadhwani
(Expert)
08 April 2009
You should deduct tax now and pay it to the government treasury.
If the case is selected for scrutiny, the audit fees will be disallowed in the year in which it was booked and it will be allowed in the year of payment of TDS.
If the case is selected for scrutiny, the audit fees will be disallowed in the year in which it was booked and it will be allowed in the year of payment of TDS.
10 April 2009
u should deduct and pay tds to govt...
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 Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Issuing of delivery challan by seller of goods
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
