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of <h1>Changes in TDS Compliance: 30% Disallowance for Non-Deduction Post-2015, Previously 100%</h1> Section 40(a)(ia) of the Income Tax Act addresses non-compliance with Tax Deducted at Source (TDS) provisions for payments made to residents. From the assessment year 2015-16, 30% of any sum payable, where TDS is applicable but not deducted or paid by the due date, is disallowed. Previously, up to the assessment year 2014-15, 100% of such expenditure was non-deductible. If the payee has filed their return, accounted for the sum, and paid the tax, the payer is not considered in default, provided a chartered accountant certifies compliance. Interest on loans for capital assets can be capitalized, and depreciation on interest is not denied due to TDS defaults.
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