MY question is on sec 40 of the act i.e. amount not deductible in case of fault of T.D.S . Now as per the sec 40(ia) of the act
" any interest, commission or brokerage, fees for professional services or fees for technical services payable to a resident or amount payable to a contractor or sub-contractor being resident, for carrying out any work on which tax is deductible at source under chapter xvii-B.......
NOW MY QUERY IS: Whether the section 40(a)(ia ) is applicable in respect of expenses actually "paid" during the year without T.D.S& the section refers only those payment which are payable not about the amount already paid without T.D.S during the year?
CAclubindia
