banner_ad

section 40(a)(i)

This query is : Resolved 
Profile Image

Profile Image

(Querist)
25 July 2008 Dear Experts,

Pls.let me know when expenses are disallow u/s 40(a)(i).

Pls.explain in detail,if possible bec's I am very confused.


Regards,
Prakash Jasani
Profile Image

CA CS CIMA Prakash Somani

Profile Image

CA CS CIMA Prakash Somani (Expert)
25 July 2008 The following amounts shall not be deducted in computing the income chargeable under the head "Profits and gains of business or profession"-

1. any interest , royalty, fees for technical services or other sum chargeable,which is payable
(A) outside India; or

(B) in India to a non-resident, not being a company or to a foreign company,

On which tax has not been paid or deducted.

Provided that if tax has been paid or deducted in any subsequent year, such sum shall be allowed as a deduction in the previous year in which such tax has been paid or deducted.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

Delhi

CA Inter

View Details
Company
ARTICLESHIP 05 May 2026
ARTICLED ASSISTANT

JS ADVISORS

New Delhi

CA Inter

View Details
Company
29 April 2026
Associate - Audit, Tax & Compliance

Open Co Consulting LLP

New Delhi

B.Com

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details