TDS
This query is : Resolved
CA Amit Jaiswal
(Querist)
02 April 2010
TDS on interest for the Financial Year 2009-10 has not been deducted. How can it be rectified, so that the expense amount can become allowable.
Can it be paid alongwith interest upto 30th September 2010
Can it be paid alongwith interest upto 30th September 2010
02 April 2010
YES IT ACN BE PAID ALONG WITH INTEREST UPTO 30TH SEPT 2010
CA Amit Jaiswal
(Querist)
02 April 2010
The solution you advised is for the tds of month of march or for the whole year ?
I mean whether TDS for full year can be deposited alongwith interest upto 30th September 2010 ?
I mean whether TDS for full year can be deposited alongwith interest upto 30th September 2010 ?
02 April 2010
YES TDS FOR FULL YEAR DEPOSITED WITH INTEREST AND ALSO FILE TDS RETURN OF ALL QUARTERS.
CMA Ramesh Krishnan
(Expert)
02 April 2010
agree.with Mr.Sanjay
CA Ravi Sisodia
(Expert)
02 April 2010
Agreed
CA Amit Jaiswal
(Querist)
03 April 2010
Please refer Section 40a(ia) of Income Tax Act,1961.
As per the amendment made by FA 2008, the TDS for m/o March can be paid upto the date mentioned in Sec 139(1) and for the other months it can be deposited upto last day of the previous year i.e. 31st march.
As per the proviso, if the amount is subsequently deposited in next year, the expense will be allowable in the same PY in which the amount is deopsited.
Please confirm me the correctness of above provision as understood by me.
As per the amendment made by FA 2008, the TDS for m/o March can be paid upto the date mentioned in Sec 139(1) and for the other months it can be deposited upto last day of the previous year i.e. 31st march.
As per the proviso, if the amount is subsequently deposited in next year, the expense will be allowable in the same PY in which the amount is deopsited.
Please confirm me the correctness of above provision as understood by me.
CA Ashok Kumar Sahu
(Expert)
03 April 2010
Section 40a(ia) of Income Tax Act,1961.
As per the amendment made by F. B. 2010,
TDS for m/o March can be paid upto the date mentioned in Sec 139(1) and for the other months it can be deposited upto the date mentioned in Sec 139(1,
SAME PROVISION FOR FULL PAYMENT APRIL TO MARCH,
As per the amendment made by F. B. 2010,
TDS for m/o March can be paid upto the date mentioned in Sec 139(1) and for the other months it can be deposited upto the date mentioned in Sec 139(1,
SAME PROVISION FOR FULL PAYMENT APRIL TO MARCH,
03 April 2010
AGREE WITH ASHOK JI.
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