Income tax withheld outside India disallowed as deduction u/s 37(1)
Income tax withheld outside India disallowed as deduction under section 37(1) The Ahmedabad Bench of the Income-tax Appellate Tribunal held that income tax that is withheld (“deducted”) outside India is not allowed as a deduction under section 37(1) of the Income-tax Act, 1961 because the amount is covered under the “disabling provisions” of section 40(a)(ii).… Read More »