Tds

This query is : Resolved 

09 August 2011 Excess paid TDS Debited to Income& exp A/c allowed as an Expense..???

09 August 2011 excess tds paid is not penalty hence you can claim the expenses

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.


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