Sec.40(a)(ia)
*Earlier,specified pymnt was disallowed if No TDS or after deduction it had not been paid as below:
April to Fab-on or b4 31st March
March-on or b4 due date u/s139(1) i.e.31st July/31st Sep
**Amendment-New scheme
+Tax is reqd 2b deducted in P.Y.
+Time Limit 4 deposit of Deducted Tax :April to March (i.e. entire year) - on or b4 due date u/s139(1) i.e.31st July/31st Sep
+ if deducted tax is deposited after due dt,then it wud b allowed in Year of Payment
*Earlier,specified pymnt was disallowed if No TDS or after deduction it had not been paid as below:
April to Fab-on or b4 31st March
March-on or b4 due date u/s139(1) i.e.31st July/31st Sep
**Amendment-New scheme
+Tax is reqd 2b deducted in P.Y.
+Time Limit 4 deposit of Deducted Tax :April to March (i.e. entire year) - on or b4 due date u/s139(1) i.e.31st July/31st Sep
+ if deducted tax is deposited after due dt,then it wud b allowed in Year of Payment
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