Madhu (student) (65 Points)
23 September 2010Dear sir
My Query ids that of if an assessee who is not deducted the TDS applicable to provision for the year ended 31/03/2010 but expenditure is liable to deduction under section 194J
Now the expenditure is availble for deduction if the TDS is deposited before filing of the Return of Income u/s 139(1)?
Can we file the revised return of Form-24 ?
and suppose if the amount Rs.211405/- how much is the interest and penalty liable?
please help us on this and thanks inadvance
K Madhusudhana Rao
madhur gupta
(student/article )
(1022 Points)
Replied 23 September 2010
Retrospective amendment in budget2009
if u deposit the TDS before the filing of return expenditure will be allowed.
more view are invited on this topic.
CA Trinath Galla
(student)
(3130 Points)
Replied 23 September 2010
tds should have been deducte before 31st march.and even if it is paid before sep30, deduction can be availed.
but as in your case tds is not deducted before 31march, so deduction cant be vailed.
CA Trinath Galla
(student)
(3130 Points)
Replied 23 September 2010
hey.......sorry if there are any recent ammendments.
am not aware of any.
lets c other replies.
sachin kakkar
(CA)
(188 Points)
Replied 29 September 2010
deduct kia ya nai its ur headace , not department's.... u can just deposit it from your own pocket before 30 sept ....nd deduction will be available....intrest will b charged on late payment @ 1% for the months of delay or part there off
CAclubindia
