Urgent!Allowability of expense due to delayed TDS remittance

This query is : Resolved

Rajen Pandya (Querist)
Follow

11 September 2008 Hi,

I know that if we have not deposited TDS in time, the same will not be allowed as a deductible expense. However, I have information which says that if TDS is deposited before filing of the return, the expense will be allowed. Wanted to know any document/ section/link etc. which clarifies the same.

CA. Dashrath Maheshwari

CA. Dashrath Maheshwari (Expert)
Follow

11 September 2008 1. All the TDS deducted for the Period from April to February of a Financial Year will have to be paid on or before 31st of March of that Financial Year to avoid disallowance.

2. TDS for the month of March of Financial Year can be paid upto the date of filing of the Return of Income for that Financial Year and there will be no disallowance in such case.

Refer Section 40 (a) (ia) of Income Tax Act-1956

**DM

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

RAGHUNATH KASIBHOTLA

CA Sunny Sharma

Raviraj ponkshe

adarsh chaturvedi

DEEPAK BHARGAVA

Subscribe Now

Urgent!Allowability of expense due to delayed TDS remittance

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

CA Final

Article Assistant

Manager- Finance and Compliance

GST CONSULTANCY

GST CONSULTANT