Tds payment after the due date
This query is : Resolved
Ritesh Bharadiya
(Querist)
06 April 2013
if expenditure(manpower consultancy) which is related to Feb & Mar and as you know this expenditure have TDS applicable but TDS payment made with interest after the due date e.i in April or May then this expenditure is allowable to claim in profit & loss a/c?
e.g. expenditure is related with Feb 12 & Mar 12 and payment made with interest after the due date e.i April 12 or May 12 then this expenditure is allowable to claim in 01.04.2011 to 31.03.2012 profit & loss a/c.
e.g. expenditure is related with Feb 12 & Mar 12 and payment made with interest after the due date e.i April 12 or May 12 then this expenditure is allowable to claim in 01.04.2011 to 31.03.2012 profit & loss a/c.
06 April 2013
Allowed, Since paid before due date of filing of return of income.
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