We have paid salaries for the month of Mar'18 at end of the Apr'18 by deducting TDS as on 30/04/2018. Salary payable is laying as payable in the balance sheet as on 31/03/2018. Therefore, the same is eligible deduction under section 40a (ia), if yes kindly substantiate.
Thanks in advance
Yes, the Salary expenditure will be allowed as deduction u/s 40.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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