Delay in deposit of TDS

[Mukund Honkan]

If TDS is deposited after due date, whether relevant expenses get disallowed, can I get clarification alongwith case laws & reference of section nos

AI Summary

Late TDS Deposit: Expenses Claimable If Paid Before Return Filing Due Date, Per Section 40(ia) of Income Tax Act. A query was raised regarding the consequences of depositing Tax Deducted at Source (TDS) after the due date and whether related expenses would be disallowed. One respondent advised consulting section 40(ia) of the Income Tax Act, indicating no need for case law references. Another respondent clarified that if TDS is paid before the return filing due date, the expenses can be claimed in the year they were incurred. However, if TDS is paid after the return filing due date, the expenses can only be claimed in the year the TDS is actually paid.