Clarification regarding disallowance under section 40 (a) (i) for failure to deduct TDS under section 195
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NEW DELHI Circular No. 3/2015, Dated: February 12, 2015 Subject:- Clarification regarding ‘Amounts not deductible’ under sub-clause (i) of clause (a) of section 40 of Income-tax Act, 1961 (‘Act’)-regarding. Section 40(a)(i) of the Act stipulates that in computing the income chargeable … Read more