Tax not deducted in fy 2012-13 but deducted in fy 2013-14

TDS 449 views 1 replies

surendra

53 Points Joined May 2010

Dear All

Situation: TDS not done u/s 194 J in FY 2012-13, Therefore, Disallowed u/s 40 (3) while filing Income Tax Return for AY 2013-14. But in current year i.e., FY 2013-14 Tax has to be deducted.

Question is?

1) As to what "AY" should be shown in TDS Challan?

2) How to show Tax deduction in FY 2013-14 while filing Income Tax Return for AY 2014-15

Replies (1)

Ans~1. I think AY 2014~15 should shown in the challan, because you are paying tds in fy 13~14. Ans~2. The expence will be disallowd in the AY 13~14 and the same is allowed in AY 14~15 when it is actualy deducted and paid.