TDS ON SUB-CONTRACT
This query is : Resolved
11 June 2011
MY CLIENT IS ROAD CONTRACTOR AND HE HAS GIVEN SUBCONTRACTOR PAYMENT IN JAN-2011 BYDEDUCTING 1% TDS. HE HAS DEPOSITED TDS ON 10-06-2011, HE IS HAVING TAX AUDIT POVISIONS, IS THE EXPENDITURE OF SUBCONTRACT IS ALLOWABLE IF HE PAID TDS ON 10-06-11, WHICH IS DEDUCTED IN JAN-11, UNDER WHICH SECTION
11 June 2011
Yes , payments to the sub contractor is an allowable expenditure for you client. Please ensure whether interest payment has been made for late depositing of TDS or not.
*
Expenditure on which TDS is applicable and is deposited on or before 30.09.2011, that will not be disallowed.
*
Expenditure on which TDS is applicable and is deposited on or before 30.09.2011, that will not be disallowed.
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
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
