https://www.taxtmi.com/circulars?id=4685 The restriction on deductions for royalty and fees for technical services under section 44D applies to the entire previous year relevant to the assessment year beginning 1977-78 and thereafter; the June 1 date is relevant only to withholding procedures and merely regularises deductions permitted up to May 31, 1976. Assessing officers must apply the deduction cap for the whole previous year and correct any assessments where the cap was applied pro rata. en-us Mon, 22 Sep 1980 00:00:00 +0530 Sat, 02 Aug 2008 18:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4685 The restriction on deductions for royalty and fees for technical services under section 44D applies to the entire previous year relevant to the assessment year beginning 1977-78 and thereafter; the June 1 date is relevant only to withholding procedures and merely regularises deductions permitted up to May 31, 1976. Assessing officers must apply the deduction cap for the whole previous year and correct any assessments where the cap was applied pro rata. Circulars Income Tax Mon, 22 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4685