Interest in case of Disallowance of Exps U/s 40(a)(ia)
This query is : Resolved
25 December 2020
If expense is disallowed u/s 40(a)(ia) on account of non deduction of TDS then shall we have to pay Interest @1% as per section 201(1a) in addition to expense disallowance
26 December 2020
No need to pay any such interest unless you receive any notice for default.
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