Salary paid without deducting TDS allowed as deduction??
This query is : Resolved
02 May 2008
Assesse paid salry of Rs. 3,00,000 to an employee.Employee status is resident in India and salary paid by employer through cheque in India without deducting TDS U/s 192.
Deduction is allowed to assesse for calculating his businee income for salry paid w/o deducting TDS u/s 192. If yes ,refer section and case law in this matter.
Deduction is allowed to assesse for calculating his businee income for salry paid w/o deducting TDS u/s 192. If yes ,refer section and case law in this matter.
02 May 2008
it is allowable as sec 40(a)(ia) does not cover sec 192
02 May 2008
expense though allowed, but penalty will be payable
02 May 2008
what are the conquences for non deduction of TDS u/s 192 for salary paid to resident in india.Pls refer section etc. for penalties and prosecution in relation to this matter.Pls reply me.
02 May 2008
AS STATED BY SRI JITENDER ,SEC 192 DOES NOT ATTARCT DISALLOWANCE UNDER SEC 40(a)(ia)which states payments made without tds totally disallowed.
but non deduction and non deposit of tds ARE offences attracting fine and penal interest.
R.V.RAO
but non deduction and non deposit of tds ARE offences attracting fine and penal interest.
R.V.RAO
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03 May 2008
Sir but reference for payment under the head salaries not given u/s 40(a)(ia) rather u/s 40(a)(iiia).
30 November 2010
SEC. 40(a)(iiia) covers salary paid to nonresident only
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