What is the consequences, without collecting TCS from the purchaser, the amount has been paid out of their own pocket?
Menu
TCS Paid out of own Money?
Replies (3)
statuary liabilities has to be meet in all circumstances, if the businessman paid it from own pocket, then it would go to his drawings.
Sorry, it is a private ltd company.
i feel it would not get allowed as expenditure and would get added back for tax computation.
Recent Topics :
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
Related Topics :
CAclubindia
