Tds on bribe amount
This query is : Resolved
Srinivas Ch
(Querist)
06 January 2016
hi..if i pay bribe amount to authorities should deduct TDS particular amount? and tell me what is accounting treatment for that transaction?
CA R SEETHARAMAN
(Expert)
06 January 2016
Paying bribe to authorities is illegal how TDS applicable.
Ankur Singhal
(Expert)
06 January 2016
TDS @ 100% is to be deducted.
06 January 2016
No tds is applicable since no tds certificate can be issued and moreover under which section tds is deducted?
CA R SEETHARAMAN
(Expert)
06 January 2016
In case of 100% TDS nothing will be paid to authorities.
Srinivas Ch
(Querist)
06 January 2016
lots of thanks to everyone...
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