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Income Tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

TDS u/s 195 - disallowance u/s 40(a)(ia) - FTS - at the best, ...

Income Tax

December 11, 2019

TDS u/s 195 - disallowance u/s 40(a)(ia) - FTS - at the best, for the failure of the assessee for furnishing Form 15CA and 15CB, the Assessing Officer may initiate penalty proceeding u/s 271I - However, there cannot be any disallowance u/s 40(a)(ia) of the Act.

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