TDS Disallowance of Expenditure

TDS 420 views 1 replies

Hi,

Please provide information regarding this:

1.Eg: If XYZ Company is not file the return and not yet paid the tax for the financial year 2008-2009. & Not yet started the   

   audit   of 2009-10 & 2010-11?

   Due to insufficiant fund it has happened.

   So once company got fund how much they need to pay? Means Actual Income tax of 3 yrs + Interest right? How this can be treated? Kindly

    Explain?

2. If TDS on Rent is deducted but not yet paid to the government for the period of 2009-10 to till Date?

    How this can be treated? & What do you mean by Disallowance of Expenditure?

   How it effect on TDS?


 

Replies (1)

Not only interest bt also penalty..........and alos prosecution.....company may face assessment under section 147 ie income escaping assessment.........however........matter can b appealed in the tribunal.......

 

also take views of experts of CA CLUBindia.....


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