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Disallowance of Expenses

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(Querist)
02 February 2010 A company has purchase a machinery and incured Rs.200,000 as installation Charges(Professional Charges). If we made payment of Professional Fees without deducting TDS, What will its effect. Whether it will be capitalised or Not.
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CA Vijay Kumar Gupta

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CA Vijay Kumar Gupta (Expert)
02 February 2010 It can't be disallowed under sec 40a(ia) of I. Tax Act,1961. Penal action for non deduction can be intiated.
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CA SURENDRA KUMAR RAKHECHA

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CA SURENDRA KUMAR RAKHECHA (Expert)
02 February 2010 Agree with "CA" Vijay Kumar Gupta.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
02 February 2010 Agree
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