40 (a) (i)

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For the assessment year 2014-15, if you pay outstanding TDS before filing your Income Tax Return under section 139(1), it is considered due compliance. This means the expense subject to the TDS will not be added back. This rule applies specifically to the assessment year mentioned.

MAKARAND DAMLE

MAKARAND DAMLE (Querist)

08 July 2021 For A Y 2014-15, The assessee has paid outstanding TDS as on 31.03.2014 before filing of Return of Income u/s 139(1) of the Income Tax Act

My question is whether the expense subject to above TDS will be added back or paying TDS before filing Return of Income u/s 139(1) is due compliance ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

09 July 2021 It will not be added back. Paying TDS before filing Return of Income u/s 139(1) is due compliance.

MAKARAND DAMLE

MAKARAND DAMLE (Querist)

09 July 2021 This provision is applicable from which a y ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

09 July 2021 It's applicable for the assessment year referred above.
See the link for more information.

https://www.google.com/amp/s/taxguru.in/income-tax/expense-disallowed-tds-paid-return-filing.html%3famp

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