Query Regarding Income Tax

This query is : Resolved

Sahil Agrawal (Querist)
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18 July 2011 Dear Professional Friend,
I have a two query that:-
1. I want to know that the Due date of filling return of income for the Director of the company as per IT Act with any Section and proof evidence
2. One of the my client, Interest on loan amount is subject to TDS but TDS is not deducted and also 15G is not submitted to CIT office and the file is now selected for Scrutiny case. Please suggest me that Whether ITO disallowed the whole amount or nt and any case law relating to this case please inform me sir

Your needful action help to us highly
Also Send the Answer to my E-Mail ID casahilagrawal@gmail.com

Thanking You

Regard
--
Sahil Agrawal

Ravikant

Ravikant (Expert)
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18 July 2011 1. 31.07.2011 is the due date
2. Full Interest on Loan on which TDS not Deducted and paid will be disallowed

CA Ashwani Agarwal

CA Ashwani Agarwal (Expert)
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18 July 2011 A.
U/s 139(1) Due date for all persons except:
1. Company
2. Any other person whose accounts are audited.
3. Partner of a firm whose accounts are audited.

Have to file their return on or before 31st july.

B.
Full amount of interest will be disallowed but if you deduct the TDS now and fill the return then you can claim the interest in the current year. Section 40(a)(ia)

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