Tds Related

This query is : Resolved

MAHENDRA (Querist)
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31 August 2009 Can we pay tds for 08-09 for professionals payment now ?
my another question is can i get those exepese allowed for 08-09 while submitting income tax return

Ram Avtar Singh online

Ram Avtar Singh online

(Expert)
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31 August 2009 yes you can do it

CA CHINTAN AJMERA

CA CHINTAN AJMERA (Expert)
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31 August 2009 Yes But if Professional file their return of income then they will not allowed you to cut tds now for 08-09

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Shyam Lal Naik

Shyam Lal Naik (Expert)
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31 August 2009 It appears that you have deducted TDS but not yet deposited.

You must deposit. The expenses will be allowed in the year of payment except the following.

TDS deducted in the month of march and deposited before due date of filing of return, underlying expenses will be allowed in the year of deduction.

Gokul

Gokul (Expert)
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31 August 2009 Mr. Mahendra,

You can deduct TDS of 2008-09 in 2009-10 but the expenses will not allowed allowed in F.Y.2008-09 it will be allowed in F.Y.2009-10. except expenses booked in Mar 08.