Allowability of Compensation Paid

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..... A supplies Raw material to B . It so happens that ouput of B by using A s supply turns out to bad / nonsaleable. To maintain good relationship and keeping commercial expediency in view, A agree .....

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..... s to pay compensation to B calculated at sale value of defective output. It is proven that B output has become non-saleable because of raw material supplied by A . Questions :- a) Whether .....

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..... A can claim deduction u/s 37 of IT Act of Compensation to B b) Whether A is liable to deduct any TDS - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = In my view claim of deduction unde .....

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..... r section 37 of Income Tax Act is applicable. I am also doubt whether TDS is applciable in this case. - Allowability of Compensation Paid - Query Started By: - Ethirajan Parthasarathy Dated:- .....

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..... 15-6-2020 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmana .....

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..... gementindia.com - TMI - TaxTMI - TMITax .....

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