Disallowance 40(a)(ia)

  • Income Tax

Liability of TDS u/s 194C(2) of Transporters for payments to trucks owners/operators. SC explains the Law

Liability of TDS u/s 194C(2) of Transporters for further payments to trucks owners/operators. Supreme Court explains the Law ABCAUS  Case…

4 years ago
  • Income Tax

No disallowance u/s 40(a)(ia) when TDS deposited within extended time for return filing – ITAT

No disallowance u/s 40(a)(ia) when TDS deposited within extended time for ITR filing. Even otherwise over a period of two…

6 years ago
  • Income Tax

TDS Provision not applicable where no claim of expenditure was made by the assessee

TDS Provision not applicable where no claim of expenditure was made by the assessee and assessee suo motu made disallowance…

7 years ago
  • Income Tax

Disallowance us 40(a)(ia) applies to amounts paid during the year also-Supreme Court. Allahabad HC judgment overruled

Disallowance us 40(a)(ia) applies to amounts paid also-Supreme Court. Allahabad HC judgment holding that it applies to amount payable at…

7 years ago
  • Income Tax

No concealment penalty-non disclosure of disallowance 40(a)(ia) in computation of income as the issue is debatable due to HC decisions

No concealment penalty-non disclosure of disallowance 40(a)(ia) in computation of income as the issue is debatable due to High Court…

7 years ago
  • Income Tax

No disallowance us 40(a)(ia) as labour charges paid were salary when PF-ES deducted regularly. Salary us 17(1) includes wages and hence no TDS 194C

No disallowance us 40(a)(ia) as labour charges paid were salary when PF-ES deducted regularly. Salary us 17(1) includes wages and…

7 years ago
  • Income Tax

Stock Exchange transaction charges payment by members not for technical services requiring TDS u/s 194J -SC

In its latest judgment, the Supreme Court has held that the transaction charges paid to the Bombay Stock Exchange by its…

8 years ago
  • Income Tax

Mere hiring of vehicle without any risk associated with the carriage of goods not a contract liable to TDS u/s 194C(2)

Mere hiring of vehicle without any risk associated with the carriage of goods does not amount to carrying out any…

8 years ago