TDS
This query is : Resolved
10 April 2009
IF A COMPANY HAS NOT DEDUCT THE TDS ON SALARY
IS THE TOTAL SALARY IS DISALLWOED???????
TOTAL SALARY IS 3,64,000 , SHE ALSO HAVE A SAVING OF 1,00,000 RS
IS THE TOTAL SALARY IS DISALLWOED???????
TOTAL SALARY IS 3,64,000 , SHE ALSO HAVE A SAVING OF 1,00,000 RS
10 April 2009
As per sec 40(a)(ia) if tds is not deducted on the following expenses, such expenses will be disallowed
-interst
-comm/brokerage
-technical/professional fees
-payment to contractors
-royalty
-rent
so as per this section salary is not covered...and so if tds on salary is not deducted it won't be disallowed...
-interst
-comm/brokerage
-technical/professional fees
-payment to contractors
-royalty
-rent
so as per this section salary is not covered...and so if tds on salary is not deducted it won't be disallowed...
10 April 2009
I agree with her views.
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