Menu
Advertising payment made without deducting TDS
If the assesse has made a payment to Google India for its advertisement of its firm and had left out to deduct TDS U/s. 194C, then what can be conscious of not deducting TDS on that payment being made to Google India.
Replies (9)
You have to pass a TDS entry in your book and make the payment for next transaction after deducting the previous TDS amount and pay Outstanding TDS amount along with interest...
If payment is made though automated process then you may have to discuss with the payee.
Such expenditure will be disallowed u/s 40(a)(ia)
@ Rahul Patel ,
For which month it is ?
For which month it is ?
No need for month detail in this Query
@ Eshwar Reddy Why you go always out of query
30% of the expenditure will be disallowed under Section 40(a)(ia) of the Income Tax Act, 1961, due to the non-deduction of TDS.
Further, if you get Form 26A from that, you are not an assessee in default and google India has given the whole of the income for taxes; you can save the disallowance.
@ Ca Rashmi,
If it is for April 2022 , then you have 1 year time for ITR Filing. So disallowance has no relevance at this moment.
Hope you understood now.
If it is for April 2022 , then you have 1 year time for ITR Filing. So disallowance has no relevance at this moment.
Hope you understood now.
Yes, got it........... Okkkk
Recent Topic
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
- Return filing for intervening period upto date of
Related Topics
CAclubindia
