"The new amendmend allows deduction u/s 40a(ia) for expenditure if TDS is paid before due date of filing return of income tax for all expenditure on which TDS has not been deducted"...from which Assessment Year is this applicable?
Menu
Disallowance u/s 40a(ia)
Replies (12)
From F. Y. 2009 - 10 corresponding to A. Y. 2010 - 11
Hi friend
It is Applicable from AY 2010-11 retrospectively
S.V
applicable from A/Y 2010-11
YES, IT WILL APPLICABLE FROM ASSESMENT YEAR 2010-2011.
yup..applicable from A.Y 2010-11
yes agreed with above members
Hi Mr. Gokul
Applicable from A.Y 2011-2012.
For A.Y 2010-11, such provision is applicable only for the expenditure deductibe in March, not for the other Expenditures.
This amendment in sec 40(a)(ia) was made by Finance Act 2008 with retrospective effect from Assessment Year 2005-2006.
THANKS
Applicable from A.Y. 2011-2012 w.r.e.f. F.Y. 2005-06
It is applicable from AY 2010-11 onwards.If you want any further reference check out the Income Tax ready reckoner of Taxman
I think Ranotosh Podder is right in respect to the disllowance u/s 40a (ia)
Recent Topics :
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
Related Topics :
CAclubindia
