https://www.taxtmi.com/acts?id=8628 Amendment to section 40(a)(ia) fixes payment-based timing for disallowance: tax deducted in the last month requires payment by the return due date, otherwise payment must be by the last day of the previous year; a proviso allows deduction if tax is deducted later or paid after those dates provided it is ultimately paid in the year in which payment occurs. Sub-clause (ib) is omitted, consolidating the temporal tests and permitting relief where tax is subsequently paid. en-us Thu, 01 May 2008 17:54:43 +0530 Thu, 01 May 2008 19:26:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8628 Amendment to section 40(a)(ia) fixes payment-based timing for disallowance: tax deducted in the last month requires payment by the return due date, otherwise payment must be by the last day of the previous year; a proviso allows deduction if tax is deducted later or paid after those dates provided it is ultimately paid in the year in which payment occurs. Sub-clause (ib) is omitted, consolidating the temporal tests and permitting relief where tax is subsequently paid. Act-Rules F. Acts / Amendment Acts Thu, 01 May 2008 17:54:43 +0530 https://www.taxtmi.com/acts?id=8628