Can TDS be deducted in March ?

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 February 2011 Sir,
If TDS is not deducted on a particular expenditure on which TDS provisions apply in previous year 2010-11. can that TDS be deducted and paid before 31-3-2011 with Interest for allowability of expenditure ? Pls help. Thanks in advance.

13 February 2011 yes.. TDS can be deducted now & paid with interest so as to maintain allowability of expense.

13 February 2011 Yes It can be paid in March. The expenditure will be allowed if TDS deposited before the due date of filing of IT Return.




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