TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 January 2011
Dear Sir,
WE have not deducted TDS on remuneration payable to directors for the financial year 2009-2010 hence the related expenditure was disallowed. however we have now deducted TDS for the above expenditure i.e after the due date of filing the return of income. now will the expenditure be allowed for the financial year 2010-11 or a revised return be filed for the previous year 2009-2010
Rgds
WE have not deducted TDS on remuneration payable to directors for the financial year 2009-2010 hence the related expenditure was disallowed. however we have now deducted TDS for the above expenditure i.e after the due date of filing the return of income. now will the expenditure be allowed for the financial year 2010-11 or a revised return be filed for the previous year 2009-2010
Rgds
CA Vijay Kumar Gupta
(Expert)
08 January 2011
No, it will be allowed in the financial year 2010-11.
Message likes :
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Guest
Guest
(Expert)
08 January 2011
Deduction of director remuneration will be allowed in the year of payment i.e. F.Y. 2010-11 and you are not required to file a revised return for A.Y. 2010-11
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