Tds

This query is : Resolved

surender sah (Querist)
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14 August 2014 An assessee (company) could not file any TDS return and pay any TDS during year 2013-14 however it deducted TDS, now how to deal with this situation where the company is ready to pay TDS with Interest.
Further whether the expenses will be allowed in P X L A/c when TDS is paid and return is filed before filing the returns now?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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14 August 2014 yes. where TDS is paid on or before the due date for filing the return under section 139(1), the corresponding expenses shall be allowed.

Rupesh Jain

Rupesh Jain (Expert)
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14 August 2014 you can deposit the teds in particular section and pay innt @ 1.5% per maonht or part of month from the due date to deposit date. if you make payment the tds before return filing date then exp will be allowed.

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