CA Day celebration 2024 Easy Office
LCI Learning

Tds on professional fees

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 May 2013 We finalised the accounts for the year fy 2011-12 on 18th april 2013. the professional fees amounted to Rs.2,24,720 and tds is deducted at 10% of Rs.22,742 which is yet to be deposited to the govt.
Can the above expenditure allowed as deduction as per income tax act?

14 May 2013 No it cannot be allowed for FY 2011-12. If you deposit the same till 30-9-13, then you may allow it in FY 2012-13



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query