Tag Archives: Section 40(a)(iii)

No Section 40(a)(iii) disallowance of salary paid outside india if if tax is not paid within specified time but is paid subsequently

By | March 23, 2016

Facts of the case Pursuant to the aforesaid Circular (CBDT Circular No.685 dated 17/20th June, 1994), the Assessee deposited a sum of Rs.9,69,43,214/-, being the amount of TDS pertaining to the payments made abroad to and/or for the benefit of the employees serving in India during the financial years 1984-85 to 1993-94 and the interest… Read More »