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Tds disallowance for presumptive taxation

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Student CA IPC / IPCC
270 Points Posted on 29 October 2019
i have partnerships firm have chosen to file ITR on presumptive basis...
tds provision applicable to firm,so if i dont deduct tds how expenditure will be disallowed in case of presumptive taxation
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On 29 October 2019 at 19:12 Report
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student
208 Points Posted on 29 October 2019

The corresponding amount would be added as additional income and taxed accordingly.

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On 29 October 2019 at 19:47
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29 Points Posted on 29 October 2019
As per my view it will disallowed because as per sec 44 AD 8% / 6 % is only the mechanism to compute tax liabilities
also support by judgement in case of
ITO vs Mark Construction and CIT vs Surindra pal Anand
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On 29 October 2019 at 23:02
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Student CA IPC / IPCC
270 Points Posted on 30 October 2019
But disallowance is covered us 40 which is overridden in case of presumptive taxation
so how disallowance can be attracted by the section that has been overridden
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On 30 October 2019 at 10:38
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audit manager
459 Points Posted on 02 November 2019
I think no disallowance in the case of presumptive taxation
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On 02 November 2019 at 22:14
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7059 Points Posted on 02 November 2019
No disallowance in the case of presumptive taxation.
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On 02 November 2019 at 22:24
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Student CA IPC / IPCC
270 Points Posted on 04 November 2019
Thank you to all...i also believe there can be no disallowance as these sections is overruled in presumptive taxation
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On 04 November 2019 at 12:38


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