TDS QUERY ?
This query is : Resolved
CA Sanjay Baheti
(Querist)
12 August 2010
X is a sole proprietor. F.y 09-10= Turnover 45 lakh F.y 08-09= Turnover 39 Lakh F.y 07-08= Turnover 50 lakh He has paid a royalty of Rs 35,000/- to a company on march 25, 2009 without deducted TDS. Disallowance U/s 40(a)(ia) is applicable in the case or not?
CA Sanat Pyne
(Expert)
12 August 2010
IN YOUR CASE Disallowance U/s 40(a)(ia) is not applicable. During that year x is not liable to deduct tds.
12 August 2010
https://www.caclubindia.com/forum/tax-audit-section-44ab-98897.asp
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