deduction of TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 August 2010
Sir,
A person started his business in the financial year 2009-2010 and achieved the turnover of Rs.1 crore and he has not duducted any tds during the year but he has TAN. on 31st march 2010 he passed entries of TDS deduction. Till date he not deposited any TDS. Now, he wants to deposit the TDS with interest and want to submit his TDS Return. My query is that :
a) whether he can do so?
b) what will be the position of expenses upto February 2010?
c) what will be the position of expenses from 1st march 2010 to 30th March 2010.
d) What will be position of expenses of 31st March 2010?
e) In which year the expenses will be allowed.
Thanks
A person started his business in the financial year 2009-2010 and achieved the turnover of Rs.1 crore and he has not duducted any tds during the year but he has TAN. on 31st march 2010 he passed entries of TDS deduction. Till date he not deposited any TDS. Now, he wants to deposit the TDS with interest and want to submit his TDS Return. My query is that :
a) whether he can do so?
b) what will be the position of expenses upto February 2010?
c) what will be the position of expenses from 1st march 2010 to 30th March 2010.
d) What will be position of expenses of 31st March 2010?
e) In which year the expenses will be allowed.
Thanks
27 August 2010
a. He can deposit the Tds witn interest now,
b/c/d/e. Sec.40a(ia) has been amended with effect from AY-2010-11, if the TDS paid on or before Filing of Income tax return, the related expenses will be allowed
In case you are not pay the TDS with in filing of Income tax return, the expenses will be diallowed and only allowed in which year you are paying
b/c/d/e. Sec.40a(ia) has been amended with effect from AY-2010-11, if the TDS paid on or before Filing of Income tax return, the related expenses will be allowed
In case you are not pay the TDS with in filing of Income tax return, the expenses will be diallowed and only allowed in which year you are paying
Message likes :
1 times
27 August 2010
Agree with Ramesh He can deposited TDS with interest.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- GST Regis.
- Tds on building rent monthly
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Disallowance of Section 43B(h) to sez units
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
