sales commission payable rs.275000/- as on 31-03-2009.no tds has been deducted up to now. can the tds be deducted now and deposited.
Manikanta Raju CA,CWA,(CS)
(Industry)
(4482 Points)
Replied 12 May 2009
yes, you have time limit upto 31st may, even you can deduct the same after 31st may and before the due date for filing of return. In such a case the expenditure is not disallowed but it attracts interest provisions.
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