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Section 40 a 3 overrides section 40 a 2 and sec 40 a i


johnson anthonidas (-)     03 May 2021

johnson anthonidas
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Does section 40 a 3 overrides section 40 a 2 and sec 40 a i
situation- rent paid to related party 5 lakhs .no tds deducted .fmv of rent is 3 lakhs.
50 % of rent paid in cash
ayusmita

ayusmita (Tax consultant)     03 May 2021

ayusmita
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Can you little more clear
but it's sometimes depends upon the AO
how he understands the situation
johnson anthonidas

johnson anthonidas (-)     03 May 2021

johnson anthonidas
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According to given situation how much will b disallowance to be made in computation
Sourav

Sourav (Student)     03 May 2021

Sourav
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Disallowance will be attracted as TDS has not been deducted
johnson anthonidas

johnson anthonidas (-)     03 May 2021

johnson anthonidas
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Amount of disallowance and under which section
Lotus Choudhary

Lotus Choudhary   03 May 2021

Lotus Choudhary

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Disallowance under sec 40(A)(2) depends upon AO. In current situation under 40(A)(3) 2.5L should be disallowed.
johnson anthonidas

johnson anthonidas (-)     03 May 2021

johnson anthonidas
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What about tds disallowance
Lotus Choudhary

Lotus Choudhary   03 May 2021

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Yeah 30% of rent paid through bank should also be disallowed
johnson anthonidas

johnson anthonidas (-)     03 May 2021

johnson anthonidas
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But in computation of total income what amounts needs to be added .kindly give details
Lotus Choudhary

Lotus Choudhary   03 May 2021

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I think disallowance under both the section will be done. 75k and 2.5L.
Sourav

Sourav (Student)     03 May 2021

Sourav
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30% should be disallowed

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