DELAY DEPOSIT OF TDS
This query is : Resolved
sumit bhartia
(Querist)
26 May 2009
First i have dedcuted TDS in Sept 08 and deposited TDS amount in June 2009 along with interest 94C
Will the expenditure be doisallowed as there was late payment
Secondly i have deducted TDS on 31 st March and deposited TDS in July 2009 along with interest
Will the same be allowable or disallowed by income tax due to late payment
Will the expenditure be doisallowed as there was late payment
Secondly i have deducted TDS on 31 st March and deposited TDS in July 2009 along with interest
Will the same be allowable or disallowed by income tax due to late payment
CA.Tarun Maheshwari
(Expert)
26 May 2009
In first case, the Expenditure shall be disallowed in FY 2008-09 and shall be allowed in FY 2009-10.
In second case, the expenditure shall not be disallowed and can be claimed in FY 2008-09 itself.
In second case, the expenditure shall not be disallowed and can be claimed in FY 2008-09 itself.
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