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
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