Dear Sir,
Client, deducted TDS on contracts for F.Y. 2009-10, but paid it in May, 2010 in F.Y. 2010-11, before due date of filing IT returns, whether such expenses allowable in 2009-10 or not ?
Kindly advice,
Thanks & regards,
Valerian Dsouza
Valerian Dsouza (Manager Audit & Taxation) (413 Points)
01 November 2012Dear Sir,
Client, deducted TDS on contracts for F.Y. 2009-10, but paid it in May, 2010 in F.Y. 2010-11, before due date of filing IT returns, whether such expenses allowable in 2009-10 or not ?
Kindly advice,
Thanks & regards,
Valerian Dsouza
amit kumar agarwal
(practice)
(67 Points)
Replied 01 November 2012
ya this will be allowed becoz this was paid on or before due date of filling of return of income u/s 139(1)
Saket Sinha
(Student)
(129 Points)
Replied 01 November 2012
Deduction is allowed because it is paid before filing of income tax return.
CA PRAVEEN SINGH
(MANAGER ACCOUNTS)
(2277 Points)
Replied 02 November 2012
Originally posted by : amit kumar agarwal | ||
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ya this will be allowed becoz this was paid on or before due date of filling of return of income u/s 139(1) |
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YES AGREE...
KARANDEEP,CA,B.Com,CS FNL
(JOB)
(457 Points)
Replied 03 November 2012
Originally posted by : amit kumar agarwal | ||
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ya this will be allowed becoz this was paid on or before due date of filling of return of income u/s 139(1) |
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Agree with Amit ji.
Thanks
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