TMI BlogNon deduction of TDS u/s 194A - Assessee could escape the rigors of Sec.40(a)(ia) in terms of second...Non deduction of TDS u/s 194A - Assessee could escape the rigors of Sec.40(a)(ia) in terms of second proviso to Section 40(a)(ia) read with first proviso to sub-section (1) of Section 201 by demonstrating that the payees have duly offered this income in their respective tax returns and paid due taxes thereon. In such a case, no disallowance u/s 40(a)(ia) is called for. - Matter restored back - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
|