Itr

This query is : Resolved

Sanjay (Querist)
Follow

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

CA Parul Saxena (Expert)
Follow

26 October 2013 ITR to be revised after deducting TDS

Ganeshbabu K

Ganeshbabu K (Expert)
Follow

26 October 2013 yes you pay tds which needs to be pay as per act along with delay interest caluculated u/s 201(1A)
.
.
once you paid tds your expences are allowed
.
.
you can file income tax return belated

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

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.

Message likes : 1 times

Ganeshbabu K

Ganeshbabu K (Expert)
Follow

26 October 2013 i agree with nikhil ji
.
.
as due date is already crossed cannot eligible for this year,,can claim this expence in next year
.
.
thanks nikhil ji for giving best answer

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now