"The new amendmend allows deduction u/s 40a(ia) for expenditure if TDS is paid before due date of filing return of income tax for all expenditure on which TDS has not been deducted"...from which Assessment Year is this applicable?
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Disallowance u/s 40a(ia)
Replies (12)
From F. Y. 2009 - 10 corresponding to A. Y. 2010 - 11
Hi friend
It is Applicable from AY 2010-11 retrospectively
S.V
applicable from A/Y 2010-11
YES, IT WILL APPLICABLE FROM ASSESMENT YEAR 2010-2011.
yup..applicable from A.Y 2010-11
yes agreed with above members
Hi Mr. Gokul
Applicable from A.Y 2011-2012.
For A.Y 2010-11, such provision is applicable only for the expenditure deductibe in March, not for the other Expenditures.
This amendment in sec 40(a)(ia) was made by Finance Act 2008 with retrospective effect from Assessment Year 2005-2006.
THANKS
Applicable from A.Y. 2011-2012 w.r.e.f. F.Y. 2005-06
It is applicable from AY 2010-11 onwards.If you want any further reference check out the Income Tax ready reckoner of Taxman
I think Ranotosh Podder is right in respect to the disllowance u/s 40a (ia)
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