40 a (ia)
This query is : Resolved
07 October 2015
assessee is paid expenses in full to resident on 31 march without deducting the tds till the due dat of filling of return of income...? treatment required
07 October 2015
30% of such expenses will be disallowed.
07 October 2015
bt sir in the case of victor co. pvt limited supreme court is saying that amount disallowed only if tds is not deducted on payable part...it mean if u didt pay 600000 salary and tds not deducted then it is disallowed bt if u pay the salary of 600000 and no tds is deducted then expenses can not be disallowed...??? because the word used in 40 (a) (ia) is 30% of "payable" amount is disallowed
07 October 2015
It is a matter of interpretation.
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