if the assessed paid interest to nbfc without deducting tds and the interest amount is shown as Income by marc what is the rule
position
Menu
40a(1a)
Replies (3)
If you not deduct TDS on interest paid to NBFC, 30% of interest amount add to your income
if the resident to whom sum paid has declared such income in his return as per applicable due date n tax paid on such income and the assessee shows the same through applicable form to C.A then such assessee shall not be treated as assessee in default and such expenditure shall not be disallowed
i agree with gauthami..form 26A has to be obtained from accountant of income receiver for this declaration..
Recent Threads
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responsible for paying GST Liability (If th
- Excess Payment on RCM
- AOC4 auto population of previous year data
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
Related Threads
CAclubindia
