Tds not deducted

This query is : Resolved

Aparup sinha (Querist)
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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 .

Ashwani Narnoli

Ashwani Narnoli (Expert)
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11 May 2014 The expenditure will be allowed. Only interest and penalty woyld be payable on late deduction of tds

Nikhil Kaushik

Nikhil Kaushik (Expert)
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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.

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