Mr. Raja a resident whose T/O 99 Lacs made below payment
1- Interest of Rs.1.50 lacs paid to Rehman & Co. without deduction of TDS
2- Rs.3 Lacs Salary paid to Mrs. Meera without deducting TDS
Whether above payment allowed or not under PGBP head
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Disallowance related to sec 40(a)(ia)
Replies (1)
regarding salary if the salary is before deductions and after deduction comes under below basic exemption limit then no TDS required. else required and whole amount to be disallowed.
in the first case whole exp of 1.5lacs will be disallowed if no TDS made and paid to govt.
in the first case whole exp of 1.5lacs will be disallowed if no TDS made and paid to govt.
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