Disallowance u/s 40(a)(ia)- TDS

This query is : Resolved 

31 May 2007 During A.Y.2005-06 TDS deducted against payment to sub contractor was deposited late and hence expenditure was disallowed.During A.Y.2005-06 assessee was proprietor and During A.Y.2006-07 business was converted into Pvt Ltd Co.As per I Tax Act this expenditure will be allowed in A.Y.2006-07.
Query- Whether above expenditure will be allowed in the hands of Individual or in the hnads of Company ?

10 June 2007 company

22 November 2007 Mr. P.R.

Will u please explain ur answer?




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