Tax Deducted at source
This query is : Resolved
CA. AMIT AGARWAL
(Querist)
20 November 2008
One of my client deducted TDS on some payments during FEB 2008. Though he was supposed to pay the TDS by 7Th March 2008 , he paid the same in the month of April 2008. I wish to know in which financial year the amount paid shall be allowed as deduction.
CA Chaitanya
(Expert)
20 November 2008
He can decuct the same in the financial year 2008-09.
21 November 2008
In assessment year 2009-10 relevant to financial year 2008-09.
CA.ViVeK M ACA
(Expert)
21 November 2008
The amount paid by way of TDS shall be allowed as a deduction in the financial year 2008-09
Ravikumar.G
(Expert)
21 November 2008
FY 2008-09
CA. AMIT AGARWAL
(Querist)
21 November 2008
Thanks everyone for your prompt reply
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