Sowmya P K (Chartered Accountant) (251 Points)
01 October 2010This 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
Arun Kumar
(Deputy Manager Assurance)
(230 Points)
Replied 02 October 2010
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.
Rajesh
(Articled Clerk)
(50 Points)
Replied 13 November 2010
It is the expense subject to TDS that will be allowed and not the TDS alone itself
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