march payment of tds

GOPAL KUMAR AGRAWAL (PARTNER) (205 Points)

01 June 2009  

 Taxpayers are to get relief on their tax deducted at source (TDS) obligations with regard to their payments for expenses in March — the last month of the financial year for income-tax purposes.

“They will now get six months time to deposit the TDS related to payments made in March and also escape disallowance of expense under the Income-Tax law.

“This relief forms part of the amendments moved to the Finance Bill 2008, which has been passed by Parliament recently.

Whether the above provision is valid for the financial Year 2008-09 (A.Y.2009-10)  also just I want take your advice please confirm to me .