If any Individual Deduct TDS for The Month of April To Feb, But Does Not deposit that TDS Upto 31-03 Then Can he Claim That Exps In That Year Or Subsequent Year, And Tell The Procedure Of March Tds Also
C.A. ANKIT SINGHAL (CA PRACTICE) (52 Points)
10 September 2009If any Individual Deduct TDS for The Month of April To Feb, But Does Not deposit that TDS Upto 31-03 Then Can he Claim That Exps In That Year Or Subsequent Year, And Tell The Procedure Of March Tds Also
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 10 September 2009
tds deducted should be deposited on the due date as per prescribed under the law. but individual can claim expenses only if he deposited the tax by 31st may. for the tds of march, tax should be deposited by 31st may.
regards,
ratan
Aditya
(CHARTERED ACCOUNTANT)
(179 Points)
Replied 10 September 2009
DEAR
EXP. UP TO END OF FEB. ON WHICH TDS NOT DEPOSITED TILL 31.03 COULD NOT BE CLAIMED AS EXP. IT WILL BE DISALLOWED . HOWEVER IT MAY CLAIM IN THE YEAR OF PAYMENT OF TDS
SATYENDRA KR. GUPTA
(C.A.FINAL)
(242 Points)
Replied 11 September 2009
Dear Ankit
MR. Naveen K.Goyal is right.
Thanks & Regards
S.K.Gupta
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