The company has to pay transportation charges for
transporting its materials. The company has not remitted
the TDS on the same within due date. Is this expenses to
be disallowed in STI. This expenses is directly considered
on valuation of closing stock.
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Answer / Saurabh Yadav
It depends on the specific tax regulations in your jurisdiction, but generally speaking, transportation charges that are subject to TDS and remain unpaid past their due date may be treated as disallowable expenses for inventory purposes.
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