Tds payment

This query is : Resolved

Vivek Shah (Querist)
Follow

29 December 2012 plzzzz RPLY ME.......

IF TDS IS NOT PAID WITHIN DUE DATES THAN THE EXPENSES FOR THE SAME,WHETHER EXPENSES ALLOWED OR NOT.......
WHETHER IT CAN BE TAKEN AS ALLOWED IN THE YEAR OF PAYMENT OF tds????????

WHAT IS THE PROVISIONS FOR THE SAME??????

CA Manish

CA Manish (Expert)
Follow

29 December 2012 if tds is not paid within the due date of filing the return then the expenses will be disallowed.

The expenses will be allowed in the year in which the tds is paid.

Section (40(ia).

Message likes : 1 times

Vivek Shah

Vivek Shah (Querist)
Follow

05 January 2013 thank you........

Upgrade to CAclubindia Pro. Subscribe Now!