This is with reference to ASSESSMENT YEAR 2010-11
Whether the proviso given under Sec. 40(a)(i) is applicable for Sec. 40(a)(ia) also???
The proviso says any tax paid after the due dates given in the section shall be allowed in the previous year in which it is paid...
I know it has been amended in the 2010 budget, but i need the position before the budget(for nov 2010 exams)...
Thanks in advance
The proviso says any tax paid after the due dates given in the section shall be allowed in the previous year in which it is paid... this provision do not apply to 40(a)(ia) refer old syllabus Nov 09 question paper 1st question suggeested answer.
It is the expense subject to TDS that will be allowed and not the TDS alone itself
CAclubindia
