Amendment in 40 a ia

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Dipul mehta (Querist)
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21 November 2013 Sir, plz suggest as per recent changes in sec. 40 a ia, if deduction made after march then this ded. Taken on subsequent yr or p.y. Plz sugest

Nikhil Kaushik

Nikhil Kaushik (Expert)
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21 November 2013 Dear Dipul,

please note that there is no change as far as the payment after march. If you pay before due date, you get the credit in the previous year itself.

However, the amendment that comes in force from 1 April 2013, allows the claim even if the TDS was not deducted provided that the receiver of such income has paid income tax in respect of such income and the assessee is able to provide evidence to that effect.

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