Dear All,
One of our client have booked the bill in prev yr 09-10.
However TDS has been deducted on the same in Apr.10.
Will the expenses be disallowed?
Please give reasons
Thank You
5 Replies
sudhakar ca cwa
(service)
(1518 Points)
Replied 15 September 2010
except any tds is deducted in March, evry thng will dis allowd
CA LAVESH VASYANI
(CA IN PRACTICE)
(150 Points)
Replied 15 September 2010
There will not be any disallowances as per amendment . tds can be paid upto the date of filing i.e 30 th September.
Mohammed Dalal
(Chartered Accountant)
(163 Points)
Replied 16 September 2010
Dear Lavesh
Thank You for your reply.
My question was that the TDS has not been deducted in the F.Y.09-10 and the expenses have been booked in F.Y.09-10.
Will then be the expense allowed?
CA LAVESH VASYANI
(CA IN PRACTICE)
(150 Points)
Replied 17 September 2010
still My answer will be same. there is an amendment which tells the tds can be paid upto the date of filing the return.
JINESH SHAH
(PRACTICING CA)
(151 Points)
Replied 18 September 2010
TDS CAN BE DEDUCTED & DEPOSITED ANY TIME BEFORE FILLING OF RETURN WITHIN DUE DATE.
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