Disallowance u/s 40 a(ia) read with section 194 c (6) & (7)
This query is : Resolved
14 December 2013
Sir
Whether disallownce can be made u/s 40a(ia) in respect non deduction of tax on submission of PAN by transporter and the assessee has not filed form 26Q reporting said details.Kindly confirm
Whether disallownce can be made u/s 40a(ia) in respect non deduction of tax on submission of PAN by transporter and the assessee has not filed form 26Q reporting said details.Kindly confirm
14 December 2013
In my view, the reporting in TDS Statement is required but due to non reporting -the expenditure can not be disallowed. At the time of assessment, if the assessee produces the PAN then its OK.
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Govt. does not loose any revenu in such a situation.
.
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Govt. does not loose any revenu in such a situation.
.
14 December 2013
i dont think so. as long as TDS was not deductible, disallowance is not warranted.
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