Professional fees paid Rs. 50000/- in April 2009. TDS deducted in March 2010 and paid before due date of filing return. With respect to amendments as per Finance Act 2010, will the expenditure be allowed or disallowed u/s 40 (a) (ia)
4 Replies
vpr99
(Manager-Accounts&Finance)
(68 Points)
Replied 03 September 2010
Yes, agreed with CA. AdityaMaheshwari, it is w.e.f. 2009-10. Can be allowed expenditure by the Amendment Finance Bill Act, 2010.
riyaz shaikh
(student)
(77 Points)
Replied 09 September 2010
YES IT WILL BE ALLOWED BECOZ IT IS PAID BEFOR FILING OF RETURN
Saurabh Toshniwal
(ca final)
(2363 Points)
Replied 09 September 2010
it wil be allowed & interest on tds is to be for late payment
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