tds deducted but late deposit

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Amit (Querist)
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20 June 2009 i have a querry related to TDS matter.
Actually one of my client had deducted the TDS on regular basis but not deposited on time. the same is deposited in month of june. also TDS return are also not submitted to department.
in this case, can the client claim the expenditure in his individual return.
will it be any diff. if the client deposit in month of march all TDS deducted upto feb 09,

plz explain
reply to
caamitbansal2007@gmail.com

chetan soni

chetan soni (Expert)
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20 June 2009 To have the expenses allowed in income tax return, you need to follow the following date;

1. tds for the period from april to feb need to be deposit before end of the f.y. that is march
2. tds for the month of march can be deposited before due of income tax return.

Deepak Goel

Deepak Goel (Expert)
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21 June 2009 I am agree with Mr. Chetan but only 31st March TDS can deposit upto 31st May otherwise 7th of the following month

CMA Ankur Pandey

CMA Ankur Pandey (Expert)
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22 June 2009 deepak goel opinion is right

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