Declaration in from no. 15J
This query is : Resolved
19 June 2008
Dear Sir,
What are the consequencies, if the person responsible for making TDS fails to submit the same before the commissioner of Income Tax with in the due date. Whall will be applicability of section 40(a)(ia) in this regard. Please clarify
Thanking you,
Yours faithfully,
V.N. Hari,
Chartered Accountant
What are the consequencies, if the person responsible for making TDS fails to submit the same before the commissioner of Income Tax with in the due date. Whall will be applicability of section 40(a)(ia) in this regard. Please clarify
Thanking you,
Yours faithfully,
V.N. Hari,
Chartered Accountant
Sambasiva Rao
(Expert)
20 June 2008
It the TDS is remitted to the department before filing of the return the relevant expenditure is allowed otherwise disallowed for the previous year. The ependiture will be allowed only when the TDS pertaining to it has been remitted subsequently.
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