Hey,
I have one private limited company which is non Tax Audit. I have not filed my TDS returns for the AY 2015-16. I want to file it now. Will those expenditure be disallowed or it can be claimed in AY 2015-16?
Hey,
I have one private limited company which is non Tax Audit. I have not filed my TDS returns for the AY 2015-16. I want to file it now. Will those expenditure be disallowed or it can be claimed in AY 2015-16?
If you are not deducting TDS or not paid wthin due date disallowed us 40(a)(ia) on non deduction or short deduction
1)30% of whole amount.
2) 30% of amount which TDS not deducted or short deducted (Proportional basis).
3) disallowance under section 40(a)(ia) is only for non deduction of tax at source and not short-deduction of tax.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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