Disallowance as per sec. 40(a)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 February 2010
If a paymenyt of rs. 30000/- is paid in aggragate to Mr. X for Printing and an amount of Rs. 40000/- is paid to him for Advertising contract, weather the total amount paid to Mr. X is to be disallowed u/s 40(a).
If answer is yes or no which part specifically say so?
If answer is yes or no which part specifically say so?
CA Shishir
(Expert)
03 February 2010
Any expenditure exceeding Rs. 20,000/- (for a single bill) or aggregate exceeding Rs. 50,000/- (for the entire year) provided by the same person, TDS has to be deducted. Here in the above case, the aggregate for the year is Rs. 70,000/- and hence TDS has to be deducted on the entire Rs. 70,000/- even though two different services have been provided.
The deduction is person-wise and not expenditure-wise
The deduction is person-wise and not expenditure-wise
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Urd purchase entry in tally prime
- GSTR-9C filing
- Intimation under section 245
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
