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Not deductable expenditure
sir. if TDS is not done on expenditure which is subjected to TDS, what is the quantum of expenditure that can be disallowed.
Replies (4)
That means allowable expenditure
Non-deduction or non-payment of TDS on payments made to residents as specified in section 40(a)(ia) of the Act, the disallowance shall be restricted to 30% of the amount of expenditure on which TDS is not deducted.
30% of expenditure amount are disallowed.
There are other provisions
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