For AY 2010-11, upto Sep 09 the payment to transporter did not exceed Rs. 50000/-, so the deductor has not deducted TDS on it at that time & now for the whole year payment has marginally exceeded Rs. 50000/- & deductee has submitted PAN copy to the deductor, So is deductor liable to deduct TDS on whole amount or his whole expenditure will be disallowed???
& if deductor now deducts the TDS & pays it , will he be allowed expenses of transport????
Deductor is not liable to deduct TDS. The entire amount is allowable as expenditure. The amount after sept is not liable to tds, if deductee submitted the PAN.
If the deductor now deduct and pays, it is allowed in the year of Payment .
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