A deductor would face the following consequences if he fails to deduct TDS or after deducting the same fails to deposit it to the credit…
View More Consequences for a deductor if he fails to deduct TDS or fails to deposit it to the Government’s accountTag: Section 40(a)(ia)
Consequences for a deductor if he fails to deduct TDS or fails to deposit it to the Government’s account
A deductor would face the following consequences if he fails to deduct TDS or after deducting the same fails to deposit it to the credit…
View More Consequences for a deductor if he fails to deduct TDS or fails to deposit it to the Government’s accountIf tax is deducted under a wrong provision of the Income-tax Act, the payment is to be disallowed under Section 40(a)(ia) of the said Act
Recently, the Kerala High Court (High Court) in the case of P V S Memorial Hospital Ltd1 (the taxpayer) held that if the tax is…
View More If tax is deducted under a wrong provision of the Income-tax Act, the payment is to be disallowed under Section 40(a)(ia) of the said Act