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TMI BlogDISALLOWANCE U/S 40a(ia)X X X X Extracts X X X X X X X X Extracts X X X X ..... DISALLOWANCE U/S 40a(ia) X X X X Extracts X X X X X X X X Extracts X X X X ..... anything to the contrary in section 30 to 38, that means the expenses which are convred under the purview of section 30 to 38 would be disallowed u/s 40a(ia). that means if incurred expenditure is pa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rt of trading account or manufacturing account liable to deduct tax and tax has not been deducted on that amount, would cover the ambit of section 40a(ia) or not . if yes why? and if not Why?. Furthe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r i would like to ask that 28(i) state that the profit and gains of any business or profession , what is that meaning, it means gross profit? kindly reply as early as possibe, if relevant judgement i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s there, it would be most appropriate. thanks. Reply By MOHAN S: The Reply: Mr. Praveen, The terminology "Not withstanding anything to the contrary......." means irrespective of the specific provi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sions contained in sections.. to ... the disallowance u/s 40 (a) (ia) will apply. Specific disallowance of any expense is given in Section 40 (a ) itself. It does not mean ALL expenses specified in Se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... c 30 to 38 will get disallowed if Tax is not deducted.
You must interpret the act in an harmonius manner. X X X X Extracts X X X X X X X X Extracts X X X X
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