Expenses allow ability for company
This query is : Resolved
13 November 2014
Dear Experts
Please tell me if due date of return u/s 139 is 30/11/2014 (fy 13-14). We have not deducted TDS on one contract payment in FY 2013-14 and the same TDS has been deducted and deposited in next fy 14-15 i.e. on 30/04/14 .Now question arise in which financial year, expenses will be allowed to company.
Thanks
Please tell me if due date of return u/s 139 is 30/11/2014 (fy 13-14). We have not deducted TDS on one contract payment in FY 2013-14 and the same TDS has been deducted and deposited in next fy 14-15 i.e. on 30/04/14 .Now question arise in which financial year, expenses will be allowed to company.
Thanks
21 November 2014
The expense will be allowed in the year in which TDS is DEDUCTED and deposited.
In this case the expenses will be allowed in AY 15-16
In this case the expenses will be allowed in AY 15-16
Message likes :
1 times
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
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Refund of AY 22-23
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- TDR receipts for agreement holder
- Inventory of finished goods
- Confusion around Form 26QB fields
- GST APPLICABILITY ON POLLUTION CHECK SERVICE
- Sale of property furniture sale
- Disallowance of Section 43B(h) to sez units
- Intimation wrongly states taxpayer has offerred u/s. 44ad & states probable resolutiton to do audit
- Refund AY 2012-13 and 2013-14
- DIRECT TAX CODE 2025
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- 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
Trending Online Classes
CAclubindia
