Tds
This query is : Resolved
vikas.L.jain
(Querist)
09 August 2011
Excess paid TDS Debited to Income& exp A/c allowed as an Expense..???
CA Navin Jain
(Expert)
09 August 2011
excess tds paid is not penalty hence you can claim the expenses
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CA Ashwani Agarwal
(Expert)
09 August 2011
But if you have paid excess TDS then some person must have taken the credit of the same.
If this is the case then it was a reduction of your liability which cannot be shown in the P & L A/c.
If this is the case then it was a reduction of your liability which cannot be shown in the P & L A/c.
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