TDS query!!!

A company got done labour work for the year march, 2009 and it received for the same the bill dated 08th march, 2009 on 10th July, 2009... 

 


Due to late receipt of the Bill, the co. was able to deduct TDS as its last date of May also passed away... the paymetn is of Rs.1100000/-...

 

Will this be disallowed in the yr. 2009.???? or any suggestion..??

Replies (5)

EXPENSE IN THE F Y 2008-09 WILL BE DISSALLOWED BECAUSE OF "NON BOOKING/CLAIMING OF EXPENSES"

U CANNOT CLAIM THIS EXPENSE IN 2008-09 SINCE THE SAME WILL BE DISSALLOWED U/S 40 DUE TO NON DEDUCTION/DEPOSIT OF TDS (BY REVISING UR RETURN)

HENCE THE EXPENSE CAN BE CLAIMED IN FY 2009-10 PROVIDED TDS IS DEPOSITED..

 

We are the exporter of Minerals Poweder like Feldspar powder and Silica Powder to Vietnam countries, We have paid commission on Sale to Non resident companies, should Tax be Deducted on commission? Should Tax be deducted from freight paid to Non-Resident Shipping Companies?

TAX WILL BE DEDUCTED BASED ON DTAA WITH VIETNAAM..

TAX WILL BE DEDUCTED AS PAYMENT TO NON RESIDENT.....OTHERWISE EXPENSE WILL BE DISALLOWED......................SO BETTER DEDUCT AND DEPOSIT TDS

 

UR FRND

ARCHIT

CASE 1)

i want to make a payment to nigeria (Commission)  and DTAA is not signed.what is the procedure for it

whether to dedcut TDS?if yes

what percentage and

CASE 2)

same case for Vietnam also(But DTAA is signed)and clearly not mentioned about Commission Payment

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