Wednesday, February 24, 2021

No disallowance u/s 40(a)(ia) if assessee has opted for presumptive tax scheme under section 44AD

INCOME TAX : Assessing Officer could not invoke provisions of section 40(a)(ia) to disallow interest payment if a person had opted for presumptive taxation scheme under section 44AD and its turnover was Rs. 92 lakhs

from www.taxmann.com Latest Case Laws https://ift.tt/3pQpRKA
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