43B

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venu (Querist)
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28 June 2010
Is TDS made by the company covered under the meaning of 'tax' as mentioned in section 43B?

In other words, if Company does not deposit the TDS made, then will there be any disallowance u/s43B.

Thank you,

CA Kalpesh Gokani

CA Kalpesh Gokani (Expert)
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28 June 2010 Yes, if assessee doesn't DEDUCTE as well as DEPOSIT TDS before time limit, then there will be disallowance.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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28 June 2010 There will be disallowance u/s 40(a)(ia) and not 43B and the disallowance will be of the expenses on which TDS has been dcducted and not paid and not of only the TDS amount.

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