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Tax Audit: Allowance of Expenses for which TDS deducted but not paid

anand achu   23 September 2020

anand achu

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A company deducted TDS from an expense on 31st March 2019 but not paid the TDS to IT department till date.

Can the company take the expense as allowable by paying the TDS now by filing return before 30 September 2020.

If it is possible please quote the relevant sections of income tax act.

Thanks in advance


CA ABHAY GUPTA (Practice)     23 September 2020

 240 likes  2657 points

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Refer section 40a(i)


Shreya Bafna   23 September 2020

Shreya Bafna

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Under section 40(a)(ia) of the Act, in case of payments made to resident, the deductor is allowed to claim deduction for payments as expenditure in the previous year of payment, if tax is deducted during the previous year and the same is paid on or before the due date specified for filing of return of income under section 139(1) of the Act.

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