Section 40(a)(ia): Whether applicable to sum payable at the year end or on all sums during year

| Last updated: 22 April 2014

Section 40(a)(ia) of the act was introduced in the Income Tax Act, 1961 by the Finance (No 2) Act, 2004 w.e.f. 01.04.2005 with the view to augment the revenue through the mechanism of tax deduction at source. This provision was bought so as to disallow the expenses on which TDS is not deducted but
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Sagar Gupta

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