07 April 2009
IF I DEDUCTED TDS ON MARCH'2009 OF SALARY PARSON AND NON-SALARY PERSON. THEN WHAT IS A LAST DATE OF PAYMENT OF TDS IN BANK? IF I AM DEDUCTED TDS ON PAYMENT OF INTEREST AND AFTER THAT,I AM NOT ABLE TO PAY TDS AMOUNT IN BANK WITHIN THE TIME LIMIT AND I AM PAID AFTER TIME LIMIT, THEN IS IT POSSIBLE TO DISALLOWED MY EXPENDITURES FROM MY INCOME TAX RETURN?
PLEASE SOLVE MY QUERIES AS EARLY AS POSSIBLE.......
07 April 2009
If you have already paid the deducted tds in late kindly pay the delayed payment interest and still you can cliam the expenditure. If the assessing officer disallows you can ask for condontation of delay since now you have paid alongwith interest.
10 April 2009
for normal transactions due date is 7 april tds should be paid within 7 days from the end of month in which salary is paid and for provisions made on 31st march last date for payment of tds is 31st may and if u pay tds before last date of filing of return than expenses wont be disallowed