Tax deducted on salary but not deposited on time
This query is : Resolved
08 July 2008
What will happen if tax deucted on salary for Qauter 2 to 4 of 2007-08 but deposited after march '08
08 July 2008
Dear Vijay,
Ther treatment shall be pari passu with other expenses.
Rgds/
Vineet
Ther treatment shall be pari passu with other expenses.
Rgds/
Vineet
08 July 2008
Unlike other payments,the Salary paid is not covered under section 40(a)(ia) and the same is allowable as an expense even if the TDS is not deposited in due time. However, other expenses are not allowed as an expenses under the condition that TDS is not deposited before the end of previous year or the due date of filing of return, as the case may be.
08 July 2008
deposit with interest.
The provision of disallowance of expenses not applicable to salaries
The provision of disallowance of expenses not applicable to salaries
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