Tds non deduction or not not paid (resident assessee)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 October 2016 if TDS non deduction or TDS deducted but not deposit for FY (2015-16) before filing or due date whichever is earlier for( for partnership firm) then 30% dis-allowable expenses for AY 2016-17 but 30% paid amount is allowable while computing income tax in AY ( 2017-18)

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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12 October 2016 Yes 30% is allowable in the year in which TDS and interest is paid.

Raghavendra

Raghavendra (Expert)
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12 October 2016 Under section 40(a)(ia) of the income tax act, the dis-allowance is 30% of the amount of expenditure on which TDS is not deducted and the same will be the allowable in the year on which tds was paid.

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