09 May 2008
As notified recently, TDS deducted during March' 08 can be deposited in a period of 6 months i.e upto 30th Sep' 08 then what will be the last date for filing of TDS return for qtr ending Mar' 08 and due date for issue of form 16 & 16A?
As per the amended provision, TDS deducted in Mar'08, if deposited before the due date of filing of return of income, the related expenses will be allowed as expenditure in the year of deduction.
The amendement has nothing to do with due date of TDS deposit, TDS return, TDS certificate.
09 May 2008
Mr. Shyam is explaining as per Section 40(a) with regards to allowability of expenses, but as per TDS rules the tax deducted for the month of march'08 has to be deposited to the account of Central Govt. within 60 days from the end of such financial year. and due date for the filing of TDS return for 4th Qtr. is 15th June.
CAclubindia
