11 June 2008
Hi, Pls tell me the solution of given queries : One of Prop. Guest house owner did not have Tax deduction number till date and last f.y. he has done the payment on account of rent exceeding 120000p.a. and he did not deduct the tds on rent and made the full payment. suppose in this year he can get the TAN and deduct the tax on it.Then his expenditure is allowable or not in last f.y. This arises due to till 15th june is the last date of e-return becoz his turnover is exceeding 40lacs. so what is the soultion on it early
CAclubindia
