Daily Archives: August 29, 2015

section 40(a)(i) No TDS Disallowance if Expenses Capitalised

By | August 29, 2015

Q : Whether the Expenses capitalized  in the books of account and on which no TDS has been deducted can be disallowed under section 40(a)(i)? The provisions of section 40(a) is only an additional measure to enforce the compliance of Chapter XVII-B, by disallowing an expenditure which is otherwise allowable under the provisions of the Act.… Read More »