Itr
This query is : Resolved
26 October 2013
WE YET FILE ITR FOR AY 13-14 (PARTNERSHIP FIRM) TDS ON RENT & JOBWORK NON DEDUCTED. IF WE DEDUCT TDS NOW & FILE TDS RETURN. CAN WE CLAIM ABOVE EXPANSE'S. AUDIT IS NOT REQUIRED.
CA Parul Saxena
(Expert)
26 October 2013
ITR to be revised after deducting TDS
Ganeshbabu K
(Expert)
26 October 2013
yes you pay tds which needs to be pay as per act along with delay interest caluculated u/s 201(1A)
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once you paid tds your expences are allowed
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you can file income tax return belated
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once you paid tds your expences are allowed
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you can file income tax return belated
Nikhil Kaushik
(Expert)
26 October 2013
If i am not wrong, to claim expenses for AY 2013-14, you need to deposit taxes by the due date under sub-section (1) of the section 139 of the Act.
Given that you have not paid taxes within the due date under 139(1), you should not be able to claim expenses in AY 2013-14. However, you should be able to claim deduction in respect of such expenses in next assessment year.
Only exception is where you are covered under proviso to Section 201(1).
other experts may correct me if I am wrong.
Given that you have not paid taxes within the due date under 139(1), you should not be able to claim expenses in AY 2013-14. However, you should be able to claim deduction in respect of such expenses in next assessment year.
Only exception is where you are covered under proviso to Section 201(1).
other experts may correct me if I am wrong.
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Ganeshbabu K
(Expert)
26 October 2013
i agree with nikhil ji
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as due date is already crossed cannot eligible for this year,,can claim this expence in next year
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thanks nikhil ji for giving best answer
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as due date is already crossed cannot eligible for this year,,can claim this expence in next year
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thanks nikhil ji for giving best answer
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