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Section 40(a)

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 June 2010 An expense is provided for on 31.03.2010 but entry for TDS deduction is not passed on 31.03.2010. TDS deduction entry is passed and paid during current year before 31.05.10. Whether this expense will be disallowed under section 40(a) for entry for deduction of TDS not passed on 31.03.2010.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
28 June 2010 Requirement of section 40(a)(ia) is that tax must have been deducted even if the same is paid after the due date of paying TDS is allowable if paid before the due date of filing return.

Hence the above will be disallowed for want of deduction before 31.03.

And the expenses will be allowed in the next year.
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
28 June 2010 Agreed with Adiya jI.
Entry of tds will be done on date of expense booked.

now it is disallowed in current year. But allowed in next year in which it is deducted and deposited.
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