Disallowance under Section 40(a)(ia) is unsustainable without proving single payouts exceeding threshold.
Disallowance under Section 40(a)(ia) is unsustainable without proving single payouts exceeding threshold. Issue Whether Section 194B threshold applies per individual transaction or on aggregate wallet payouts, and whether promotional bonuses constitute “winnings” subject to Section 40(a)(ia) disallowance. Whether an estimated default under Section 194B can be computed using scaling metrics of prior years without identifying… Read More »