TDS paid on incentive following year and Incentive paid in Previous year.
Hello Experts, One of our clients have paid Incentive under salary head on march 22 without Deduction of TDS. due to scarcity of fund till the date of signing of balance sheet. Now company want to deduct TDS on same Incentive paid in this year. Is there any case law related to TDS late deducted in next year but expenses fully allowed in last year decided in the favor of the assessee. i heard, There is some culcatta company limited case law on same matter. do any one have traces of same, if yes please share. Pl Provide any other traces so that same can be helpful to client in the time of scrutiny.
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