Query what is to disallowed when tds is not deducted when advance payment is made.
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TDS Query
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whole of the advance payment to be disallowed
| Originally posted by :Kushal | ||
| " | Query what is to disallowed when tds is not deducted when advance payment is made. | " |
How u will disallow advance payment as if u make advance payment on 30march .,. then on balance sheet date it will stand on your asset side. As advance payment. So how to disallow it.
only expenses claimed u/s 30-38 will be disallowed if tax is not deducted , since yr not claiming the expense , the question to disallow doesnt arise , but audit report will be qualified since its a default , cos TDS is to be deducted at credit or payment whichever is earlier .
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