adjustment of expenses in BS on which no tds is dedudted

Originally posted by : jitender
	it's paid and if we show it in PnL then this will be disallowed under income tax

The Co is under 44AB Tax audit then TDS is must...

If not no need to be deduct TDS and It's shown in PandL account and can't disallowed...

Originally posted by : jitender
	sir if there is a company which forget to deduct tds on rent rs 1000000 then if we show it in PnL it will be disallowed and if we show it in balance sheet under loan n advances then profit will be increased by rs 1000000 will course 30 tax so how to claim it

if it is shown in balance Sheet it will be against accounting standards and when you claim it in next year it will be prior period expense. Even though, by ignoring these issues and account it in Balance Sheet your profit will be higher by this amount so you have to give tax for this amount.

So you may account it as expenditure in P/L A/c. and disallow the 30% in IT computation u/s 40a(ia). And you can claim the 30% disallowed amount as expenditure in the year which you deduct tax.

It is better to Account as expense and disallow 30%.