Tag: Section 40(a)(ia)

Consequences for a deductor if he fails to deduct TDS or fails to deposit it to the Government’s account

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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 of Central Government’s account:- a)… Read more »

Consequences for a deductor if he fails to deduct TDS or fails to deposit it to the Government’s account

      3 Comments on 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 of Central Government’s account:- a)… Read 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

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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 deductible under Section 194J2 of… Read more »