Disallowance U/S 40
This query is : Resolved
22 July 2010
Dear all,
If there is TDS amount of Rs. 13,00,000 is deducted but not paid for the year 2008-09 and 2009-10. How I have to consider this while calculating deffered tax for the A.Y 2010-11?
If there is TDS amount of Rs. 13,00,000 is deducted but not paid for the year 2008-09 and 2009-10. How I have to consider this while calculating deffered tax for the A.Y 2010-11?
Aditya Maheshwari
(Expert)
22 July 2010
Create deferred tax asset on the amount of disallowance u/s 40(a)(ia) at the rate of tax applicable in the next year.
In the year in which TDS is paid reverse the DTA
In the year in which TDS is paid reverse the DTA
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