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TDS deduction on freight payment

This query is : Resolved 
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(Querist)
07 May 2010 hello friends,

My company was paid advance payment of freight and deduct TDS on full freight amount.

is our treatment is right.

Whereas Our auditors have objection on it. they are saying TDS should be deduct only on advance freight payment or you have to credit also balance freight payment.
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
07 May 2010 yes its true . you have to dedut the tds only on the amt which you have actually paid
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joginder

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joginder (Querist)
07 May 2010 Whether my treatment is wrong???
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
07 May 2010 your treatment is not absolutely wrong. But liability is only to deduct TDS on that amount which you paid in advance.
Now when you will credit bill there will be no liability of TDS.
treatment is OK. If you don't book full bill also no income tax section is against it. So legally you are not on any fault and no interest or penalty can be imposed on you.
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