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????
CAclubindia
