hi
one of client not deduct tax for the expenditure of Rs.40 lacs he has incurred for the f.y 2006-07 subsequently 143 notice has been issued and the ITO disallowed entire expenditure. Now on 31.03.10 he has remitted all the taxes to the govt. which was not deducted earlier and the TDS return not filed yet.
1.Can he claim the expenditure for the a.y 2010-11
2.Despite he has remitted the taxes, TDS return is compusory for allowing those expenditures.
3.Nature of deduction is sub contract
4.On Rs.40 lacs he has deducted 1.13%
5.The ITO treated the entire expenses as income in the repective year.
6.How long he will avail or brough forward those disallowed exps.
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