Definition of “ payable ” under section 40(a)(ia) – SC Judgment

By | May 9, 2017
(Last Updated On: May 9, 2017)

Definition of “payable” under section 40(a)(ia)

The Supreme Court of India addressed the term “payable” when there is a requirement to withhold (deduct) tax at source and remit the withheld tax to the government. Section 40(a)(ia) applies not only to situations when the amount is “payable” but also when it is “paid”. The case is: Palam Gas Service. Read a May 2017 report [PDF 500 KB] of KPMG

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