If TDS is not deducted on an amount of Rs. 150000 and the amount is paid in full to an advertising agency, then what can be the remedy for this ?? The problem is we can't adjust the amount in the next payment as there is only one transaction with the advertising agency.
Can we pay the tds without deducting the amount from the payment?? Please help.
Dear Tushar
Just do the reverse working for TDS amt & pay it to avoide disallowance of the expenditure.
Consider Rs.1.5 lacs as amt paid post tds & findout TDS.
Regards
Dear sanket thanks for the advice but the problem is the payment was on an invoice of Rs. 150000 itself and the invoice amount can't be changed.
Malhotra Rajesh & Associates
New Delhi
B.Com
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RBSM Corporate Advisors Private Limited
Pune
CA
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CCI
Pro
CAclubindia
