TDS disallowance U/s 40(a)(ia)

[C ChiranjeeviRaj]

My client has constructed a building on contract basis and it is billed as construction service without bifurcation for materials. It is a fixed asset. TDS is not deducted. What is present position of law? Whether disallowance U/s 40(a)(ia) is applicable for this capital expenditure. If so how to be made.

AI Summary

TDS Disallowance on Capital Expenditure Under Section 40(a)(ia): Deduct Before Filing Return for Compliance. A user inquired about the applicability of TDS disallowance under Section 40(a)(ia) for capital expenditure on a building constructed on a contract basis without TDS deduction. One response advised that there is time to deposit the TDS by the due date of filing the return. Another response, unrelated to the tax query, discussed the benefits of using a particular platform for its reliability, ease of use, and security features, highlighting its user-friendly interface and convenient payment methods.