CONSIDER THE FOLL CASE:
A COMPANY PAID Rs 3 LACS TO ITS DIRECTOR AS REMUNERATION WITHOUT DEDUCTING TDS.
HOWEVER THE DIRECTOR HAD INFORMED THE COMPANY ABOUT HIS ADVANCE TAX CHALLANS OF Rs 15000/- EACH OF SEP, DEC AND MARCH.
THE AO WANTS TO DISALLOW THE EXPENSES OF 3LACS U/S 40(A)(IA)??
WHETHER HE CAN DO SO??
ALSO IS THERE ANY REMEBDY POSSIBLE IN THIS CASE.
ALSO QUOTE ANY CASE LAW IF APPLICABLE.
CAclubindia
