Tds not deducted in current year

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 December 2013 Fees of Rs. 2,00,000 paid to software engineer for technical services or auditor f.y. 2012-13. etc.
i. TDS not yet deducted – No deduction allowed in 12-13, hence 2,00,000 fully disallowed.

But deduction shall be allowed in the P.Y. in which TDS is deposited.

ii. TDS deducted and deposited in P.Y 14-15 - Deduction of 2,00,000 can be claimed in PY 13-14 (next year)

It is right & wrong

Please Suggest me.....

@VaibhavJ

@VaibhavJ (Expert)
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30 December 2013 Hi

Yes it is correct as per 40(a)(ia).

Thanks

TRINATH

TRINATH (Expert)
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30 December 2013 HI,

AGREE WITH EXPERT'S,

Refer bellow link i think this is use full to you,

https://www.caclubindia.com/articles/applicability-of-sec-40-a-ia-on-year-end-tds-provisions-4013.asp#.UsEMCu-n670

Tnks,

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