Tds late deduction
This query is : Resolved
20 September 2013
A company has not deducted TDS on Audit fees provision as on 31/3/2013.During the audit they realised that it is to be deducted on provision.So they are making TDS deduction on 20/9/2013 and making payment that day itself.
Whether the provision for audit fees will be allowed u/s 40(a)?If not disallowed then it wil appear under late deduction head?
Whether the provision for audit fees will be allowed u/s 40(a)?If not disallowed then it wil appear under late deduction head?
20 September 2013
It is disallowed in a.y.12-13 and allowed in next year
24 September 2013
If TDS is Deducted on 31/3/13 and payment is made on 21/09/2013?what are the consequences?
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