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Income Tax - Highlights / Catch Notes

Home Highlights May 2018 Year 2018 This

Application of section 40(a)(ia) - payment made without TDS - ...


Penalty Possible But Expenditure Allowable: No TDS Deduction, Income Declared by Payee u/s 40(a)(ia).

May 25, 2018

Case Laws     Income Tax     AT

Application of section 40(a)(ia) - payment made without TDS - the payee has declared the income in his ITR - penalty can be levied on assessee but no disallowance of the expenditure can be made u/s.40(a)(ia) - AT

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