Sir As the provisions of Sec 40 (a) (ia) are applicable only to items covered by Sec 30 to 38 and the profit us 28 is arrived after allowing the direct costs expenditure us 145 on the basis of books regularly maintained by the Assesse - Whether direct costs expenditure incurred without TDS are disallowable us 40 (a) (ia)?
Direct cost expenditure i.e. expenses incurred to earn that income such as in the case of an advertising firm engaged in hoarding display incurred display charges such as hoarding rental, ground rent, Flex fitting charges, Display charges made by sub contractors etc.
CAclubindia
