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Valerian Dsouza (Manager Audit & Taxation)     01 November 2012

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

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

 



 6 Replies

amit kumar agarwal

amit kumar agarwal (practice)     01 November 2012

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

1 Like
Saket Sinha

Saket Sinha (Student)     01 November 2012

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

1 Like
CA PRAVEEN SINGH

CA PRAVEEN SINGH (MANAGER ACCOUNTS)     02 November 2012

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...

1 Like
Yogesh Kumar

Yogesh Kumar (Job)     02 November 2012

Allowable deduction.

1 Like
CA ADITYA SHARMA

CA ADITYA SHARMA (CA IN PRACTICE )     02 November 2012

ALLOWABLE                                                                       

1 Like
KARANDEEP,CA,B.Com,CS FNL

KARANDEEP,CA,B.Com,CS FNL (JOB)     03 November 2012

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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