Now A VALID DEBATE can be started whether it can be said that cash withdrawal from bank account by the account holder bears any income element of the recipient so that a valid TDS Provision can be brought in statute?
TDS APPLICABILITY ON PROVISIONS MADE YEAR END WHERE PAYEE NOT KNOWN AND AMOUNT INDETERMINATE The Issue is relating to TDS on provisions for Exps. at the year end. The TDS Provisions are very clear that if any amount of Expense is charged to Trading and Profit & Loss account which attracts TDS deduction, TDS has […]
