18 October 2011
We have deducted TDS U/S 194 C on Sub Contractor in the previous year 2010-11 but the same has not been paid in to the government account with in 30th September 2011 and the return also not filed till date. We want to deposit TDS amount,and also want to file the return now i.e.,18.10.2011 for the assessment year 2011-12. Please can any one advise us what are the remedies available for filing of return for Assessment year 2011-12 now.
18 October 2011
If you have not deducted the TDS till due date, You cannot claim the payment made to sub contractors as allowable expenditure. So, you have to disallow the same while filing the return for A.Y. 2011-12. You can deposit the TDS with department now and can claim the expenditure to be allowable in the next A.Y. 2012-13.
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