Tds not deducted
This query is : Resolved
20 October 2014
We are a firm of advocates. We have paid Rs 60 lakhs @ Rs 5 lakhs per month to Mr. X without deducting TDS in FY 2013-14. Mr. X has deposited due taxes computed, taking this income of Rs 60 lakhs in his total income, as advance tax on 15.03.2014. However, Mr. X has filed his return on 20.10.2014 (For AY 2014-15).
Can we claim Rs 60 lakhs as expense of the firm in FY 2013-14 (AY 2014-15) under any provisions of the I.T. Act? Or is there any solution to claim the expenses of Rs 60 lakhs in FY 2013-14 (AY 2014-15)?
Can we claim Rs 60 lakhs as expense of the firm in FY 2013-14 (AY 2014-15) under any provisions of the I.T. Act? Or is there any solution to claim the expenses of Rs 60 lakhs in FY 2013-14 (AY 2014-15)?
20 October 2014
you can get deduction subject to availability of certificate issued by a Chartered Accountant as provided under proviso to section 201(1)
25 October 2014
Sir, Mr. X (to whom professional fee has been paid has not filed his ITR yet)
will your reply be changed?
will your reply be changed?
25 October 2014
sir, mr x has filed his ITR
31 October 2014
Sir, Mr. X has filed ITR on 20/10/2014 i.e. after the due date. However before the extended due date.
Will your answer be changed
Will your answer be changed
02 November 2014
No. If it is within the due date applicable to him, answer wont change..
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