Non extention of due date for filing of returns
This query is : Resolved
abhijeet m. deshpande
(Querist)
10 September 2014
Now it is clear that only the due date u/s 44AB has been extended till 30/11/2014 and the due date for filing the return of income remains the same i.e. 30/09/2014.
So as per my understanding an assessee u/s 44AB, who does not file his return by 30/09/2014, will have to pay interest u/s 234A and in case of loss the same cannot be c/f. Is there any other issue that the assessee will have to face ? Please guide.
Thank you
So as per my understanding an assessee u/s 44AB, who does not file his return by 30/09/2014, will have to pay interest u/s 234A and in case of loss the same cannot be c/f. Is there any other issue that the assessee will have to face ? Please guide.
Thank you
10 September 2014
Yes you are correct .
But if you trace the expenses which you had not made the TDS and you made the payment after the due date of 139 (1) i.e., after 30.09.2014 not allowable u/s 40(a)(ia) .
Provision says that TDs payable shall be paid to government within the section 139 (1) i.e., 30.09.2014.
Other than that no issues.
But if you trace the expenses which you had not made the TDS and you made the payment after the due date of 139 (1) i.e., after 30.09.2014 not allowable u/s 40(a)(ia) .
Provision says that TDs payable shall be paid to government within the section 139 (1) i.e., 30.09.2014.
Other than that no issues.
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