Vehicle rent paid by govt. Department.
Under contact basis
But TDS not collected and not made deduction for amount
From April 2019
Whether now can deduct tds
For previous year
What is alternative method
Menu
TDS previous year
Replies (1)
As per the provisions of income tax, TDS needs to be done on payment or credit which ever is earlier.
Hence you cannot deduct TDS for 2019-20 now.
You only have two alternatives now,
1. You can obtain a certificate from payee in prescribed form that payee have paid income tax.
2. Assume that the payment made is net amount and now pay tax along with interest and late fee.
Recent Threads
- What accounting software works best for small busi
- Accumulated amount received from pf account
- Sec.10 (10D) Tax Benefit not available to PaidUp p
- Seeking your expert view on GST return disclosure
- GST on rent a car Business , GST Query
- Need CA for Turnover Certificate & Tender (Del
- Schedule CFL is not saving 0 as carry-forward loss
- Deduction 80c,80d,80ttq
- GST cancellation ecommerce
- Ca final may 2026 exam
Related Threads
CAclubindia
