TMI BlogDeduction of expenditure representing TDS amount as deducted but not deposited following the Cash Basis...Deduction of expenditure representing TDS amount as deducted but not deposited following the Cash Basis of accounting - The amount of tax deducted at source is always considered as the sum paid by the assessee on behalf of the recipient of the income. - Therefore, it cannot be said that the above sum has not been paid by the assessee even while following the cash system of accounting. - deduction of expenditure allowed - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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