banner_ad

Urgent - please clarify

TDS / TCS 632 views 3 replies

One of our client is a PARTNERSHIP FIRM. They are opting Sec 44AD Scheme. They have made somany payments during the year towards expenses for which TDS should have beeen deducted. 

Please clarify, WHETHER a Partnership Firm, which avails Sec 44AD benefits, NEED TO COMPLY WITH TDS PROVISIONS.

Plain reading of Sec 44AD does not state clearly about this. But if TDS provisions have not been complied and dsallowance arises, I HOPE no need to disallow any expenditure, because TDS disallowances section 40(a) is deemed to be complied. Please consider this and explain.

 

Replies (3)
Section 44AD is overruling Sections 28 to 43 C. Section 40a(ia) is also covered. So, no disasllowance of expenditure due to non compliance of TDS provisions. Still I would like to know why the firm is not following TDS provisions. Although there will not be any disallowance, still the not complying with TDS provisions may result in making him assessee in default. Further, in order to be safe from the impact of any retrospective amendments, my advice will be to follow the TDS Provisions.

I have submitted my TDS return and the acknowledgement slip states that 1 challan mismatched , this is  because challan has been deposited online one day before the date of  submitting the TDS return so the challan is not reflected till the date of sumittinng return and now this challan is reflected by tin nsdl challan verifying status  link.So, kindly suggest me that is there is any procedure to update the challan status or I have to revise my TDS Return. So, that it may reflect in the right account or I will wait for the depatement notice..

 

Dear Mr. Karan !

You have paid the challan. On the next day it was not appeared in the NSDL website. Usually it takes two to three days. The same thing happened in your case. Nothing to worry. You did it correctly. As there is no mistake, you need not file any ‘revised return’.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details