14 May 2013
Bills are credited in a Financial Year(2012-2013) (Ref : Sec 194C) but tax deducted on that bills in following year (2013-2014. What are the procedures to correct this default?
14 May 2013
As the bills are credited in FY 2012-13 then you have to disallow the same U/s 40a(ia). The same will be allowed in FY 2013-14 when TDS is deducted.
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