Hello everyone,
Can anyone help me in this query:
M/s X Pvt.company has not deducted TDS on rent for the use of Furniture.But at the same time it is deducting TDS on Rent for the use of Flat.
What will be the consequences if M/s X Pvt. Company dont deduct TDS?
The normal consequences will follow. Refer 201(1A). You need to pay interest, AO of TDS ward can impose penalty (discretionary) and the expenses ought to be disallowed in your assessment of concerned FY.
Regards
AGREEE WITH ABOVE EXPENSES ALSO DISALLOW & ADDED BACK TO INCOME,PENALTY+INT
| Originally posted by : valji | ||
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AGREEE WITH ABOVE EXPENSES ALSO DISALLOW & ADDED BACK TO INCOME,PENALTY+INT |
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agreed
Thanks a lot :):)
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