Allowablity of deducion without deducting tds
This query is : Resolved
20 September 2011
If Tds is not Deducted from Salary, Can that salary is allowed as deduction from bussiness?
20 September 2011
If it is paid in India or to a resident,it can be allowed. But disallowance is attracted if paid outside India or to an NRI as per section 40(a)(iii) of the IT Act,1961.
21 September 2011
Yes as the provision of section 40(a)9ia) does not cover Salary
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