I HAVE DEDUCTED TDS FROM VARIOUS PAYMENTS OF RS. 19000 FOR THE FINANCIAL YEAR 2009-2010 (i.e. ASSESSMENT YEAR 2010-2011). BUT I FAILED TO DEPOSIT THE SAME TO THE GOVERNMENT TILL 7 JUNE 2010. PLEASE PROVIDE ME WITH THE SOLUTION SO THAT THE EXPENSES SHOULD NOT BE DISALLOWED AND BY WHEN IT SHOULD BE PAID?
WAITING FOR THE RESPONSE.
M AGRAWAL
You can pay the TDS amount with interest up to the due date of filing of return presribed in section 139(1).
If u pay the TDS amount along with interest than Expenses will not be disallowed u/s 40(a)(ia).
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