Salary paid in next FY with TDS

CA. Kasi Reddy Nallappa Reddy (Chartered Accountant) (153 Points)

14 November 2018  

We have paid salaries for the month of Mar'18 at end of the Apr'18 by deducting TDS as on 30/04/2018. Salary payable is laying as payable in the balance sheet as on 31/03/2018. Therefore, the same is eligible deduction under section 40a (ia), if yes kindly substantiate.

Thanks in advance