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TDS And 40 (a) (ia) disallowance

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(Querist)
08 December 2010
Sir As the provisions of Sec 40 (a) (ia) are applicable only to items covered by Sec 30 to 38 and the profit us 28 is arrived after allowing the direct costs expenditure us 145 on the basis of books regularly maintained by the Assesse - Whether direct costs expenditure incurred without TDS are disallowable us 40 (a) (ia)?

Direct cost expenditure i.e. expenses incurred to earn that income such as purchase cost of materials, wages, other direct expenses
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CA. R. B. SAH

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CA. R. B. SAH (Expert)
08 December 2010 tds shall not be deducted on purchase of material. ANY EXPENDITURE WHICH IS COVERED BY THE SPECIFIED SECTIONS THEN SUCH EXPENDITURE IS LIABLE TO TDS.
Any amount paid outside india which is taxable in India then such amount is liable to tds in India.
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