22 February 2012
A company pays bonus to the resident empoyee and fails to deduct and deposit tax at source under section 192 . The TDS remains not deposited even after filing return of income . Can the assessing officer disallow the said bonus if yes under which section . Section 40 a does provide for the same . Pls clarify with relevant case laws
Guest
Guest
(Expert)
22 February 2012
In this case disallowance will not be attracted since payment of salary is not covered u/s 40 a.
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