TDS
Querist : Anonymous
WHETHER THIS WILL BE A ALLOWED OR DISALLOWED EXP. GIVE US THE REASON.
Querist : Anonymous
Better do the reverse calculation and take the TDS paid also as expense.
Example: Bill Rs. 1000000. Calculate TDS @ 1% like = 1000000*1/99 = 10101. Pay TDS Rs. 10101 and claim expense at gross amount at Rs. 1010101. But make sure that contract price is revised at Rs. 1010101.
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