40(a)(ia)

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 September 2013 In my case assessee has not deducted tds on interest portion of EMi to a NBDC during the financial year

Assessee has paid the amount of interest during the year.
I have read somewhere that SEc 40 a (ia)
is applicable to "AMOUNT PAYABLE" and not applicable to the expenses paid during the year. Is this true..??
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
02 September 2013 if tds not deducted then no deduction will be allowed even for those item already paid.
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