Menu
Income tax query
Prior period rent Rs. 350000 FY 2018-19 paid during the current financial year 2019-20 then tds is applicable on such expense? prior period expense is not allowable as deduction, additionally dissallowance under section 40(a)(ia) is attracted in this case?
Replies (3)
Practically can file , but technically answer is no
TDS deduction shall be at time of credit to party or payment whichever is earlier. If not deducted and paid prior to date of roi of that FY then 30percentage expenses will be disllowed if it is to resident otherwise 100% disallowed
If you need any assistance in filing call us
Eight - Five- To- To - Eight- Five - 7- o-o- Eight
SA Tax Savers
Eight - Five- To- To - Eight- Five - 7- o-o- Eight
SA Tax Savers
Recent Threads
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
Related Threads
CAclubindia
