One of our Branch Deducted TDS of a Sub Contractor U/s 194 C during the F/y 2010-11 and Chalan Deposited of whole TDS Amount with Interest on Dtd. 26.04.11. Pls. Let me know expenses weather such Exps. will be allowed or desallowed by the Department.?
02 June 2011
The expense will be allowed if the payment of TDS is made on or before the due date of filing of return In your case TDS is paid on or before the due date of filing return i.e. 31.07.2011 or 30.09.2011
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