09 December 2010
Suppose an assessee has deducted TDS in the month of June-07 as per 194(C) but paid the amount in the month of May-08. Is the amount of Expenditure allowed as deduction in the Financial Year 2007-08?
09 December 2010
I think yes but see this judgement also http://www.itatonline.in:8080/itat/upload/-486234531637247317113$5%5E1REFNO6628-Jagtap-B-40_a_ia_.pdf