17 September 2009
The assesse has deducted TDS on 15.03.2009 on other than salary and deposited the same on 15.06.2009 i.e. after 31.05.2009 . Will the expenses will be allowed for the Assessment Year 2009-2010 or Assessment Year 2010 -2011 ?
17 September 2009
The expenses will be allowed under 2009-10 if he has not filed his return on 15-6-2009. If he has filed the return before 15-6-2009 then it will be allowed in 2010-11.
simple terms - Deductions of march can be paid on or before filing of the return to claim expenditure in the year of entry itself.
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