TDS u/s 40 (a)(ia) - TDS on interest to outgoing partner of the ...

TDS Deduction Permitted for Interest Payments to Outgoing Partner u/s 40(a)(ia) for 2014-15 Assessment Year.

December 9, 2022

Case Laws Income Tax AT

TDS u/s 40 (a)(ia) - TDS on interest to outgoing partner of the partnership firm - As per provisions of section 40(a)(ia) even if assessee debited expenditure, but same needs to be allowed as and when the assessee deducts TDS on said expenditure. In this case, the assessee has deducted TDS on impugned expenditure for the assessment year 2014-15, which has to be allowed irrespective of method of accounting followed by the assessee. - AT

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TDS u/s 40 (a)(ia) - TDS on interest to outgoing partner of the ...

TDS Deduction Permitted for Interest Payments to Outgoing Partner u/s 40(a)(ia) for 2014-15 Assessment Year.

December 9, 2022

Case Laws Income Tax AT

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