tds
This query is : Resolved
CA Chintan Parikh
(Querist)
03 April 2010
if i foprgot to pay TDS for the month of february than i pay this TDS amt in apr than this expence disallowed or not
Aditya Maheshwari
(Expert)
03 April 2010
The Finance Bill 2010 has proposed to amend section 40(a)(ia) for allowing deduction for expenses on which TDS is paid upto the due date of filing return w. r. e. f. 01.04.2009. So no dsiallowance in your hands if TDS of February paid before 30.09.10.
03 April 2010
AGREE WITH ADITYA JI.
BUT YOU WILL HAVE TO PAY ALONG WITH INTEREST.
BUT YOU WILL HAVE TO PAY ALONG WITH INTEREST.
Aditya Maheshwari
(Expert)
03 April 2010
Yes interest payable @ 1% p. m. from the date of deduction till the date of payment.
W. e. f. 01.07.2010 interest raised to 1.5% p. m.
W. e. f. 01.07.2010 interest raised to 1.5% p. m.
CMA Ramesh Krishnan
(Expert)
04 April 2010
agreed
CA Ashok Kumar Sahu
(Expert)
05 April 2010
agree with expert
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