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Querist : Anonymous

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Querist : Anonymous (Querist)
25 September 2010 Assessee has not deducted I Tax at prescribed rates on Interest paid to others.SInce the amount is large enough , to avoid disallowance U/S 40A for A Y 2010-11 whether option of deducting Tax today and file revised TDS statement is open?
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CA Suraj Lakhotia

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CA Suraj Lakhotia (Expert)
25 September 2010 If TDS is paid before filing the return of Income, the expenditure will be allowed.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
25 September 2010 yes. if you paid TDS on or before the Income tax filling you can claim the expenses
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