Delay payment of tds on salary

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 July 2013 TDS on salary of FY 2012-13 is paid on 31/05/2013. Whether salary expenses is allowable expenses in A.Y. 2013-14

CS,CA F,Numrologi TusharSampat (Expert)
Follow

17 July 2013 on accrual basis it shoult have been booked by 31.3.2013,so it should be allowed.

Querist : Anonymous

Querist : Anonymous (Querist)

17 July 2013 Question is not of accrual but whether expense will be allowed as there in delay in payment of TDS

CMA Ramesh Krishnan (Expert)
Follow

17 July 2013 Yes. it is allowed. even tds on salary paid delay also, salary expenses will be allowed. because Salary is not covered u/s.40a(ia)

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

view all classess