TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 February 2010
In case ofcompany if TDS is not deducted expenses are disallowed U/s. 40(a)(ia)what if expenses are to be capitaised is it necessary to deduct TDS. If TDS is not deducted can company claim depreciation. Any reporting is to be made in 3CD
pls forward your answer on mittbhakta@yahoo.com
pls forward your answer on mittbhakta@yahoo.com
Aditya Maheshwari
(Expert)
27 February 2010
Even if expenses are capitalised TDS deductible. However if TDS not deducted there is still no clause to disallow depreciation on the same. But it is still advisable to deduct TDS on the same.
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