Dear Sir,
I would like to state that tds releated expenditure booked on 31.03.2008 but no provision is made for TDS liability on that expenditure the TDS liability is booked at the time of payment to creditor on 09.04.2008 and the TDS amount is deposited within the specified time limit for the 4th quarter ending 31.03.2008.Now my query is that the whether expenditure is disallowed under section 40(a)(ia). The presentation of accounts is wrong but we have credited the TDS amount to central government account the same was also shown in the 4th quarter return of financial year 2007-08.
CAclubindia
