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of <h1>CBDT Clarifies Tax Deduction Rules: Interpretation of 'Amounts Not Deductible' u/s 40(a)(i) of the Income-tax Act.</h1> The circular issued by the Central Board of Direct Taxes clarifies the interpretation of 'amounts not deductible' under section 40(a)(i) of the Income-tax Act, 1961. It addresses doubts regarding the term 'other sum chargeable,' specifying that disallowance occurs when a deductor fails to withhold tax as per section 195. The appropriate portion of the sum chargeable to tax will be determined by the Assessing Officer, based on each case's facts and circumstances. This determination will form the basis for disallowance under section 40(a)(i), as outlined in Instruction No. 02/2014.
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