S. 40(a)(ia) Disallowance for Non Ded of TDS on Building

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Piyush (Querist)
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28 November 2019 TDS has been deducted on expenses made but not paid before filing of IT return on due date, but the same expense is capital in nature as payment is made to contractor for building & thus it has not been expensed but capitalised to Building account (fixed Assets)

Is Disallowance u/s 40(a) for the same is applicable for non deduction of TDS.

1.What if depreciation is claimed on building?
2. What if depreciation is not claimed on building?

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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30 May 2020 If the TDS amount is paid with interest as applicable then there should not be any issue.

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