Year-end Provision – assessee had made certain provisions for ...

Income Tax

September 25, 2023

Year-end Provision – assessee had made certain provisions for expenses at the end of the year for which deduction of tax at source has not been made - There is a difference between the payments that are made during the year and the payments made at the fag-end of the year. - In subsequent years, TDS has been deducted when Bill were booked - Having regard to the retrospective amendment to Sec.40(a)(ia) by the finance act, 2008, additions deleted - AT

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Year-end Provision – assessee had made certain provisions for ...

Income Tax

September 25, 2023

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