Pgbp

TDS 1026 views 5 replies

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? 

 

Replies (5)

yes it is allowed as deduction

 

Yes you are right, Under section 40 (a) there is nothing mention about that.

 

But there are other sections i.e issue of Form 16 in time, liablity for deduction of TDS, which may not disallow the expenditure but may cause for penal porvisions.

Hi,

Though there is no section which can catch this,its not allowed as deduction as form 16 can check this loophole

Deduction would be allowed. 

You might face penalty for non compliance with Tax Deduction provisions. 

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 .


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register