Allowabilty of TDS

yes exp.will be fully allowed

now as per amendment u can deposit the march month t.d.s upto date of filing of return i.e.sept.30(if assessee is firm/co etc.)

 From the query it appears that TDS has been deducted in the Month of Feb & March. TDS deducted in the month of March where due date of deposit is within 60 days , can now be deposited before duedate of  filing of return. 

So any expense which has already been paid ( it is not accrual entry at the end of the year) will be disallowed if TDS not deposited within 7th of the next month.

"So any expense which has already been paid ( it is not accrual entry at the end of the year) will be disallowed if TDS not deposited within 7th of the next month."

Deepak do you mean to say that if the Vendor has been paid within the month of March but the TDS in respect of that Vendor has not been deposited by 7th April but has been deposited by 20th April, then that expenses will be disallowed while computing income for 08-09

Pl clarify 

 can we issue TDS certificate to the receiver of payment for the tds which i have deposited  after Due date i.e as on 20th April 09
 

yes

hi,

Expense for the month of feb will be disallowed , however for march it will be allowable as tds has been deposited before the due date of filing.

exp vs. tds.

exp will allow to debit in accounts when tds is paid within 30 days if in case paid after such period wil allow in seceeding month or year in case paid after due date.