Tds on provision

This query is : Resolved

Sachin

(Querist)
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10 May 2013 Sir,
Auditor Fees
We have taken provision of Statu. Fees amt of Rs.10 Lakh in March 2013 but practically bill received with bill date 10.05 but we have not deducted TDS on provision. Can expenses is disallowed in last financial year?

Deepak Agrawal

Deepak Agrawal (Expert)
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10 May 2013 Yes. This will be disallowed in the Assessment Year 2013-14, as TDS not deducted till 31 march irrespective of the fact that the payment will be made till due date of filing the return of income.

It will be allowed in the AY 2014-15 relevant to FY 13-14 in which it is deductetd.