Tds deduction
This query is : Resolved
02 May 2016
Sir,
We had deducted royalty fees on purchase of a software from a resident @ 10%. We had deducted this amount on Feb-15 and had deposited it on the Dec-15, Expenses were disallowed when we filed the return of FY 14-15. My question now is whether we can claim full expenses or 30% of such expenses as per section 40 (ia), Please clarify, will be thankful if somebody helps me in understanding this
We had deducted royalty fees on purchase of a software from a resident @ 10%. We had deducted this amount on Feb-15 and had deposited it on the Dec-15, Expenses were disallowed when we filed the return of FY 14-15. My question now is whether we can claim full expenses or 30% of such expenses as per section 40 (ia), Please clarify, will be thankful if somebody helps me in understanding this
02 May 2016
To the extent of dis allowance you can claim it. Normally 30% of such expenses is dis allowed and that 30% can be allowed in the next year.
02 May 2016
Dear Sir,
Thanks for your reply but I still have confusion can you please clarify.
Thanks for your reply but I still have confusion can you please clarify.
02 May 2016
It will be allowed to the extent of dis allowance.
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