Gokul Viswanath Shenoy (Company Secretary & Finance Manager) (430 Points)
30 August 2010"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?
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 30 August 2010
From F. Y. 2009 - 10 corresponding to A. Y. 2010 - 11
s.vaidyanathan
(CA )
(119 Points)
Replied 30 August 2010
Hi friend
It is Applicable from AY 2010-11 retrospectively
S.V
CA Navin Jain
(MANAGER (FINANCE & ACCOUNTS))
(11768 Points)
Replied 30 August 2010
applicable from A/Y 2010-11
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 30 August 2010
YES, IT WILL APPLICABLE FROM ASSESMENT YEAR 2010-2011.
CA Punit GoSwaMi
(Chartered Accountant)
(310 Points)
Replied 30 August 2010
yup..applicable from A.Y 2010-11
Ritesh
(CA Final)
(326 Points)
Replied 30 August 2010
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.
Ranotosh Podder
(ca student)
(394 Points)
Replied 31 August 2010
This amendment in sec 40(a)(ia) was made by Finance Act 2008 with retrospective effect from Assessment Year 2005-2006.
Mohit Garg
(Chartered Accountant)
(98 Points)
Replied 31 August 2010
Applicable from A.Y. 2011-2012 w.r.e.f. F.Y. 2005-06
Vasanth
(Chartered Accountant)
(168 Points)
Replied 31 August 2010
It is applicable from AY 2010-11 onwards.If you want any further reference check out the Income Tax ready reckoner of Taxman
prince
(learner )
(27 Points)
Replied 08 December 2011
I think Ranotosh Podder is right in respect to the disllowance u/s 40a (ia)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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