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Income Tax - Highlights / Catch Notes

Home Highlights October 2018 Year 2018 This

Prior period expenses - non deduction of tds - the prayer for ...


Court Approves Deduction of Prior Period Expenses When TDS is Paid, If Liability is Crystallized or Ascertained.

October 17, 2018

Case Laws     Income Tax     AT

Prior period expenses - non deduction of tds - the prayer for allowing deduction of expenses in the year in which TDS is paid to the Government is acceptable subject to the condition that the liability in question should be crystalized/ascertained.

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