Query in form 3CD

a )A company has claimed Rs 1.76 cr as expenses in a financial year. If it has not deducted expenses on a single payment exceeding rs 50000 being expenses incurred for labour then what do we specify in clause 27 of form 3 CD (which deals with TDS compliance )?Do we state it as yes or no that whether the assessee has complied with the provisions of chapter XVII B?

b) an assessee is engaged in constructuion business.  it has incurred  labour expenses for WIP project which ultimately would be transferred to the WIP project. Now it has not deducted TDs on the above expenses , then whether such expenses shall be disallowed ?

Replies (3)

Revised Form No.3CD Including Clause 17A in excel format

yes u hav 2 report for non compliance of Chapter XVII B , and the amount of labour charges wd be disallowed under noth the cases as per sec , 40 a

Prepare an annexure in the audit report showing non deduction of tds and it has to be disallowed u/s 40A

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