TDS Grossing up U/s 195A
This query is : Resolved
Krunal Champaneria
(Querist)
18 March 2008
Whether TDS grossed up U/s 195A would be disallowed as income tax U/s 40(a)(ii)?
CA Praveen Chopra
(Expert)
18 March 2008
I don`t get u please clarify it
Krunal Champaneria
(Querist)
20 March 2008
.
Krunal Champaneria
(Querist)
20 March 2008
Whether TDS grossed up U/s 195A would be disallowed as income tax U/s 40(a)(ii)?
E V SRI KRISHNA
(Expert)
22 March 2011
Yes, TDS borne by the payer will be disallowed. Please check the Mumbai Tribunal case in RMC Readymix India Pvt. Ltd. vs. DCIT, Central Circle 34, Mumbai - ITA No.1255/Mum/08 A.Y.2004-05 : Date of pronouncement 07.01.2011 ( Unreported Order ). You can get the order copy from www.itat.nic.in
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