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Without deduction of TDS

TDS 480 views 3 replies

Sudalaimuthu.R

Articleship trainee

45 Points Joined February 2009

One of our clients paid for consultancy fees without deducting TDS. After that the company paid out of thier own money and that amount not received from the deductee. Bill Amount is Rs.1,00,000, TDS Paid Rs.10300. whether the company can clime 1,10,300 as expenditure. please send the answer.

Thanks

Replies (3)

CA CS Amit Borade

Chief Accountant

2828 Points Joined December 2007

Only Exp amount Rs. 1,00,000 is allowed ... TDS is not allowed ..

Guest

even the company paid the dts out of own money its obligation of the company to deduct tds and remit the same to the govt.hence Rs.1,00,000 only claim as exp.

Guest

even the company paid the dts out of own money its obligation of the company to deduct tds and remit the same to the govt.hence Rs.1,00,000 only claim as exp.