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Consequence of not deducting TDS

TDS 835 views 4 replies

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?

Replies (4)

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

AGREEE WITH ABOVE EXPENSES ALSO DISALLOW & ADDED BACK TO INCOME,PENALTY+INT

agreed                        

Thanks a lot :):)


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