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Tds [disallowance u/s 40(a)(ia)]

This query is : Resolved 

03 October 2013 Sir/Madam,

If TDS is not deducted on Directors Sitting Fees, then will there be dissallowance u/s 40(a)(ia).


03 October 2013 Yes, it should be disallowed in income tax return and reportable in tax audit report in clause 27

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.


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