Non Deduction of TDS

hussain (Querist) 27 October 2010 This query is : Resolved
Sir,
In a case of a company for the A.Y. 2005-06 company as booked Advertisment Expenses approx Rs 1 Core and TDS as not been deducted and in hearing at Income tax officer asked to give related document that TDS as been deducted or not otherwise the hole amount will be added back to your income beacuse there is rule if you have forget to deducted tds the hole amount will be added back to your income and it allow when u deducted and pay TDS.so in this case how can persent and get relif.

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s.subramanian (Expert) 29 October 2010
Query meant for CAclub

R.Ramachandran (Expert) 29 October 2010
The Income Tax Officer is right. In case TDS was not deducted, there is clear provision to disallow the entire expenditure and to add back to income.

soumitra basu (Expert) 31 October 2010
You may do one thing. You can deduct TDS and deposit the same in current financial year. For such, you will get the deduction in current financial year.

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