Rahul Goyal (Student) (64 Points)
16 June 2013
Sec 40(a)iii provides that only salary payable outside india or to non resident on which TDS has not been paid shall be disallowed deduction. So does that mean that salary payable to a resident in india without TDS is qualified for deduction u/h PGBP?
CA Sripal Jain
(Associate Finance)
(709 Points)
Replied 17 June 2013
Hi,
Though there is no section which can catch this,its not allowed as deduction as form 16 can check this loophole
CA Suraj Lakhotia
(IndigoLearn)
(4898 Points)
Replied 17 June 2013
Deduction would be allowed.
You might face penalty for non compliance with Tax Deduction provisions.
CA Sripal Jain
(Associate Finance)
(709 Points)
Replied 17 June 2013
It may be allowed,but one need to see in point 27 of form 3cd,you need to mention in it,better pay tax so that you may get credit .
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