Firm have not dedcuted TDS on Transportation in FY-2015-16 but claimed whole expense in Income tax return. What should do now? Should it dedcut TDS and file TDS return? if yes then what should with income tax return?
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Tds not deducted but expense have claimed in it return
Replies (5)
Yes return has been filed. So should it not deduct TDS now?
you can obtain declaration from payee that the said amount has been included in its return of income and due taxes have been paid thereon.. in that case, no need to deposit tds..
the same is possible only if payee is resident..
Ok. Thank you sir.
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