Section 40(a)(ia) of Income Tax Act: Disallowance Applies Only to Year-End Payables, Not Paid Expenses Without TDS Deduction.

Provisions of section 40(a)(ia) of the Act are applicable only to the amounts of expenditure which are payable as on the date 31st March of every year and it cannot be invoked to disallow which had been actually paid during the previous year, without deduction of TDS - AT .....

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