Tuesday 8 April 2014

No disallowance for TDS default if tax deducted was deposited before due date of filing return

IT : Where assessee deducted tax at source from contractual payments on last day of relevant assessment year and duly deposited same with Central Government before time fixed for filing of return under section 139(1), said payments could not be disallowed by invoking provisions of section 40(a)(ia)


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