TDS not deducted - consequences
This query is : Resolved
23 April 2008
Please let me know which Section of Income Tax Act says - expenditure is not allowed in the year of payment in case TDS not deducted during that year?
Are there any exception to the rule?
Are there any exception to the rule?
23 April 2008
TDS if disallowed u/s 40(a) is allowed in the year of payment. No exceptions
23 April 2008
Some memeber in this forum had mentioned few days back that TDS on Salary is an exception. Can you please confirm this?
Will the expenditure allowed in a year if the TDS is SHORT deducted during that year?
Will the expenditure allowed in a year if the TDS is SHORT deducted during that year?
23 April 2008
because sec 40(a) does not cover sec 192 i.e salary.
but if tds is not deducted on salary, penalty provisions are still applicable.
but if tds is not deducted on salary, penalty provisions are still applicable.
23 April 2008
If TDS is SHORT deducted on an expenditure in a financial year, will the expenditure be allowed as deduction in that financial year?
23 April 2008
only up to the deduction of tax is allowed expences in that year
23 April 2008
Dear Hemant Sir,
Your answer is not clear to me. I request you to kindly explain it.(If possible, with an example)
Thanks.
Your answer is not clear to me. I request you to kindly explain it.(If possible, with an example)
Thanks.
05 May 2008
example :
total exp.: 10,000
tds rate : 2%
deducted :100 (in place of 200)
expenditure allowable : only 5,000
total exp.: 10,000
tds rate : 2%
deducted :100 (in place of 200)
expenditure allowable : only 5,000
25 August 2008
proportionate disallowance will be made if tds is shortly deducted.
25 August 2008
proportionate disallowance will be made if tds is shortly 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
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- FORM 26A APPLICABILITY
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- SFT Cash Deposit in Current Account
- Copyright software
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
