TDS Grossing up U/s 195A
This query is : Resolved
18 March 2008
Whether TDS grossed up U/s 195A would be disallowed as income tax U/s 40(a)(ii)?
18 March 2008
I don`t get u please clarify it
20 March 2008
.
20 March 2008
Whether TDS grossed up U/s 195A would be disallowed as income tax U/s 40(a)(ii)?
22 March 2011
Yes, TDS borne by the payer will be disallowed. Please check the Mumbai Tribunal case in RMC Readymix India Pvt. Ltd. vs. DCIT, Central Circle 34, Mumbai - ITA No.1255/Mum/08 A.Y.2004-05 : Date of pronouncement 07.01.2011 ( Unreported Order ). You can get the order copy from www.itat.nic.in
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