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of <h1>Unpaid TDS, taxes and specified payments disallowed when computing business or professional income; deductions allowed on actual payment</h1> Amounts disallowed in computing business or professional income include payments on which tax is deductible at source but has not been deducted or paid by the due date (covering interest, royalties, technical fees, specified resident payments subject to a 30% disallowance, equalisation levy, fringe benefit tax), taxes or rates on profits, wealth-tax, certain payments to State Government undertakings, salaries payable abroad or to non-residents where tax is unpaid, and specified disallowances for firms/associations (unauthorised or excessive partner/member remuneration or interest). Provisos permit deduction in the year the tax/levy is actually paid or where statutory deeming rules treat tax as paid.
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