08 December 2010
Sir, Consider the example : Mr X is a assessee whose due date is 31st July u/s 139(1).
He deducts TDS on 31st March,2010 but does not pay it. He wants to file return on 5th June, 2010. He will pay the TDS with interest before 31st July.
My question is 'What is the allowability of the expense on which TDS is made ?' because u/s 40 ia its mentioned that if tds is paid before the due date u/s 139(1) then the expense shall be allowed for that A.Y.
so in above example i want to file return on 5th june but for TDS payment i have time till 31st July.