Disallowance u/s 40(a)(ia)- TDS


(Querist)
31 May 2007
During A.Y.2005-06 TDS deducted against payment to sub contractor was deposited late and hence expenditure was disallowed.During A.Y.2005-06 assessee was proprietor and During A.Y.2006-07 business was converted into Pvt Ltd Co.As per I Tax Act this expenditure will be allowed in A.Y.2006-07.
Query- Whether above expenditure will be allowed in the hands of Individual or in the hnads of Company ?


PR Choudahry (Expert)
10 June 2007
company

CA. O.P. Agarwalla (Expert)
22 November 2007
Mr. P.R.

Will u please explain ur answer?


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