Failure to deduct tax at source - disallowance restricted to 30%

| Last updated: 07 August 2014

As per the existing provision of section 40(a)(ia), any payment made by way of interest, commission, brokerage, rent, royalty, fee for professional services, fee for technical services, payment to a contractor or sub-contractor on which tax is deductible at source but is not deducted is not allowed
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rajat aggarwal

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