24 September 2010
A client is a proprietory concern and has paid brokerage of RS 25000 and not deducted TDS also in year precedind previous yaer ,concern was not auditable.Comment for AY 2010-2011
24 September 2010
Hope the transaction is between resident in India.
But if the payment is made whether in India or outside India to a NRI or a Foreign company will be disallowed if Tax has not deducted at source. Refer Section 40(a)
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