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insurance Co. Tax Audit Query

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abc
42 Points Posted on 13 June 2018
Insurance co. wrongly deposited excess TDS of Rs 500, but excess deposted amount not adjusted in Tds return...It is recorded as expense in P&L A/c. What is the treatment of that expense of Rs 500 in Tàx Audit??
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On 13 June 2018 at 22:51 Report
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CA
618 Points Posted on 13 June 2018
I think we have to show in balancesheet as assets
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On 13 June 2018 at 23:08
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abc
42 Points Posted on 14 June 2018
What if they do not rectify the entry? Whether disallowance of expense in Tax Audit?
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On 14 June 2018 at 00:38
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TAMILNADU
43 Points Posted on 14 June 2018
Wrong deposit TDS excess for TDS refund claimed in Traces.gov.in after 60days refund credit your are acc
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On 14 June 2018 at 01:16


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