Income tax query
Ajnas (Student) (844 Points)
25 January 2021
Tds under section 194J is applicable on prior period expense? For example proffessional fee for financial year 2018-19 is not accounted in books Fy 2018-19,but accounted in the books FY 2019-20 then dissallowance is applicable on such prior period expense? If dissallowed we can claim dissallowed amount in the year of payment?
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