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Question ID : 641

Disallowance u/s 40(a) (ia)

what shall be the come tax remady where a person havg worth of Rs 5 cs obta Contract of Rs. 1.10 crore with the help of borrowd capital and sub-let the work of 80 cs to five different persons and made payment without makg deduction of TDS U,s 194C , if 80 cs is added his come U,s 40(a)(ia) where will he stand '

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Posted by asok Gupta on Oct 20, 2005
Filed Under INDIRECT TAXES

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