Tds related query
This query is : Resolved
Abdul Samee
(Querist)
16 April 2014
We were supposed to deduct TDS but have made the full payment without deducting TDS? What are we supposed to do? Is it compulsory to deuct the TDS?
16 April 2014
Now you have to deposit the TDS from your own pocket. Later you can adjust this amount from the next payment made to that party. If TDS is not deposited than the expenses will be disallowed.
Rupesh Jain
(Expert)
17 April 2014
YES IF TDS LIABILITY GENERATE THEN YOU HAVE TO DEPOSITE THE TDS .
OTHER WISE YOUR EXP WILL DISALLOW.
OTHER WISE YOUR EXP WILL DISALLOW.
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