Tds [disallowance u/s 40(a)(ia)]
This query is : Resolved
UDAY BHARTIA
(Querist)
03 October 2013
Sir/Madam,
If TDS is not deducted on Directors Sitting Fees, then will there be dissallowance u/s 40(a)(ia).
If TDS is not deducted on Directors Sitting Fees, then will there be dissallowance u/s 40(a)(ia).
Ganeshbabu K
(Expert)
03 October 2013
Yes, it should be disallowed in income tax return and reportable in tax audit report in clause 27
UDAY BHARTIA
(Querist)
03 October 2013
thank you for your response sir,but as per Sec-40(a)(ia), no where it is mentioned specifically about Directors Sitting Fees, (just like nowhere it mentions about Tds on Salary). So, how can you say that it will be disallowed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query on effect of registration of property
- Visiting card purchase
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Number of years as per AS amortisation of Goodwill
- Equity Share Sale and Purchase
- Additional trade name
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Whether output tax is taken credit by purchaser
- Wrong CMPo8 file
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
