TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 September 2010
Assessee has not deducted I Tax at prescribed rates on Interest paid to others.SInce the amount is large enough , to avoid disallowance U/S 40A for A Y 2010-11 whether option of deducting Tax today and file revised TDS statement is open?
CA Suraj Lakhotia
(Expert)
25 September 2010
If TDS is paid before filing the return of Income, the expenditure will be allowed.
Message likes :
1 times
CMA Ramesh Krishnan
(Expert)
25 September 2010
yes. if you paid TDS on or before the Income tax filling you can claim the expenses
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