Tds not deducted
This query is : Resolved
Aparup sinha
(Querist)
11 May 2014
As of March some of the expenditure has been provided in books of accounts on adhoc basis since clailm has not been made by vendor. since it has not been identified with any vendor TDS not deducted o that. as and when bill come tds will be deducted.
Whether the said expenditure will be disallowed under Tax Audit.
Please advice .
Whether the said expenditure will be disallowed under Tax Audit.
Please advice .
Ashwani Narnoli
(Expert)
11 May 2014
The expenditure will be allowed. Only interest and penalty woyld be payable on late deduction of tds
Nikhil Kaushik
(Expert)
11 May 2014
if tds is not paid till the due date for filing tax return for the relevant AY, it is will be allowed only in the year in which tds is deducted.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GSTR-9C filing
- Import Order Cancelled.
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Applicability of tax on invoice
- Section 269ST applicability for capital introduced by partner to his partnership firm
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Gift to nri relatives residing in usa
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
