Thursday, March 28, 2019

No TDS was required on exp. recorded on estimated basis if assessee was following project completion method

IT: Where in project completion method provisions were made in books of accounts for ancillary works which were yet to be completed, expenditure being estimated only and payee not known, it would not be possible to deduct TDS on these estimated expenditure and therefore disallowance on account of TDS would does not arise

from www.taxmann.com Latest Case Laws https://ift.tt/2OwkTBR

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