No TDS, Still No disallowance u/s 40(a)(ia)
Tax Deduction at Source (TDS) is an onerous responsibility casted on the payer of income. Non compliance imposes multiple consequences for the deductor. More heavy is the consequences if the tax amount is ...
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Posts tagged "disallowance under section 40A(2)"
Excessive or unreasonable vis a vis disallowance under section 40A(2)
IT: Where Assessing Officer held that commission paid by assessee company to its director was excessive or unreasonable, thus, liable for disallowance under section 40A(2), however, Commissioner (Appeals) and Tribunal concurred in their finding that commission paid by assessee ...
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