Tds on salary & salary exp.......
This query is : Resolved
30 December 2014
my client doesn't pay TDS on director & staff salary up to the filing of return for FY 13-14,so whether the salary expanse or TDS
amount is disallowed or not plz help in the situation,PLZ Provide section reference................
amount is disallowed or not plz help in the situation,PLZ Provide section reference................
PRADEEP KUMAR VATS
(Expert)
30 December 2014
Dear Raj
It will be disallowed. Please refer section 40(a)(ia)
It says if the Tds is not deducted or deducted but not paid on or before the due date specified in subsection (1)of sec-139.
Regards
Pradeep Kumar
It will be disallowed. Please refer section 40(a)(ia)
It says if the Tds is not deducted or deducted but not paid on or before the due date specified in subsection (1)of sec-139.
Regards
Pradeep Kumar
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30 December 2014
Sir but there is not specific reference for salary exp & TDS on salary ....
Guest
Guest
(Expert)
31 December 2014
No Salary expense is not disallowed as section 40(a)(ia) does not cover the salary upto A.Y 2014-15.But from A.Y 2015-16 it would be disallowed upto 30%.
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