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Regarding tds issue

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(Querist)
11 June 2008 Hi, Pls tell me the solution of given queries : One of Prop. Guest house owner did not have Tax deduction number till date and last f.y. he has done the payment on account of rent exceeding 120000p.a. and he did not deduct the tds on rent and made the full payment. suppose in this year he can get the TAN and deduct the tax on it.Then his expenditure is allowable or not in last f.y. This arises due to till 15th june is the last date of e-return becoz his turnover is exceeding 40lacs. so what is the soultion on it early
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
11 June 2008 Possible, if:-

TDS is deductible in the month of March only.

TDS deducted upto last date of February will be allowed as deduction, in the year of payment.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
05 April 2012 Expense will be disallowed in the previous year but will be allowed in the year in which TDS is deducted AND deposited.
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