Tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 January 2012 What is the liability of companies if it does not deduct TDS on Balance Sheet item i.e. if Plant installation charges is paid and TDS is not deducted on that?

19 January 2012 This will be reported in Tax audit report and the same can be levied as penalty during TDS or Income tax assessment

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 January 2012 But if a company does not have Tax Audit in that particular year,what should be the affect on the company in the above case?


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