Tds on contractor f.y. 09-10 deducted but paid after 31/3/10

Tax queries 979 views 6 replies

Dear Sir,

Client, deducted TDS on contracts for F.Y. 2009-10, but paid it in May, 2010 in F.Y. 2010-11, before due date of filing IT returns, whether such expenses allowable in 2009-10 or not ? 

Kindly advice,

Thanks & regards,

Valerian Dsouza

 

Replies (6)

ya this will be allowed becoz this was paid on or before due date of filling of return of income u/s 139(1)

Deduction is allowed because it is paid before filing of income tax return.

Originally posted by : amit kumar agarwal

ya this will be allowed becoz this was paid on or before due date of filling of return of income u/s 139(1)


YES AGREE...

Allowable deduction.

ALLOWABLE                                                                       

Originally posted by : amit kumar agarwal

ya this will be allowed becoz this was paid on or before due date of filling of return of income u/s 139(1)

Agree with Amit ji.

 

Thanks


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