Pls provide the provision implication of sec 40(a) i.e in what situation the Tds dis-allowance needs to be done for the F. Y 2009-10.
For example TDS deducted in the month of Jan'10 & Feb'10 but TDS deposited in the month of April'10. Whether these would be disallowed in the A Y 2010-11 ?
16 June 2010
TDS for F. Y. 2009 - 10 needs to be deducted in F. Y. 2009 - 10 and paid before the due date of filing return is an allowable expenses. Rest all disallowable.
CAclubindia
