https://www.taxtmi.com/article/detailed?id=757 TDS-driven disallowance conditions the deductibility of specified resident payments on timely deduction and deposit of tax at source; distinct deadlines apply to amounts deducted in the last month of the previous year versus earlier months, with a safeguard that the expenditure becomes deductible in the year in which the tax is actually deducted and deposited. The rule operates notwithstanding other allowance provisions, raises practical distortions by shifting income between years where deposit timing is not met, and attracts litigation where deductibility itself is disputed or where constitutional and proportionality objections are raised. en-us Wed, 14 Apr 2010 00:00:00 +0530 Wed, 14 Apr 2010 23:08:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=757 TDS-driven disallowance conditions the deductibility of specified resident payments on timely deduction and deposit of tax at source; distinct deadlines apply to amounts deducted in the last month of the previous year versus earlier months, with a safeguard that the expenditure becomes deductible in the year in which the tax is actually deducted and deposited. The rule operates notwithstanding other allowance provisions, raises practical distortions by shifting income between years where deposit timing is not met, and attracts litigation where deductibility itself is disputed or where constitutional and proportionality objections are raised. Articles Income Tax Wed, 14 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=757