12 February 2010
pls help on the following issue:-
In one Pvt Co. salary paid to one official is Rs. 560,000/- in FY 08-09.No TDS has been deducted as of now. Company applied for TAN in JAN 2010 & got the same. Now can they deduct tax now for salary incurred in FY 08-09 and claim the expenditure in FY 09-10 for tax purpose?
13 February 2010
But there is one provision which i have came across is that when tds is not deducted then exps is disallowed & allowed only when you make deduction...(correct me if i am wrong) so can it claim such exps in this year after paying tax on such 560,000 by their own pocket?
15 February 2010
the provisions you are talking about are section 40(a)(ia) but this is not applicable in case of salary expenditure, so if no tds is deducted on salary than no disallowance of salary