Applicability of section 40(a)

This query is : Resolved

Pratik A Rughani (Querist)
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11 September 2012
If TDS is deposited late but it is paid without interest can I get the deduction of the expenditure in respect to which no interest is paid..????

Or
Expense will be disallowed Proportionately....????

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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11 September 2012 Section 40A requires that the TDS should be deposited for allowing the expenditure.

It does not require that the interest on such TDS should also be deposited.

So, expenditure shall be allowed.

Interest will be recovered separately by the department.

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