https://www.taxtmi.com/caselaws?id=200884 Clearing and forwarding charges paid for customs clearance are treated as contractual services under section 194C, not professional services under section 194J, so disallowance under section 40(a)(ia) does not arise where tax was not otherwise deductible within the monetary limit. In relation to interest payments, receipt of Form 15G declarations before year-end is material; merely failing to forward those declarations to the prescribed authority within time is a procedural lapse that may attract penalty but does not, by itself, justify disallowance under section 40(a)(ia). en-us Mon, 30 Sep 2013 00:00:00 +0530 Mon, 30 Apr 2018 11:51:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200884 Clearing and forwarding charges paid for customs clearance are treated as contractual services under section 194C, not professional services under section 194J, so disallowance under section 40(a)(ia) does not arise where tax was not otherwise deductible within the monetary limit. In relation to interest payments, receipt of Form 15G declarations before year-end is material; merely failing to forward those declarations to the prescribed authority within time is a procedural lapse that may attract penalty but does not, by itself, justify disallowance under section 40(a)(ia). Case-Laws Income Tax Mon, 30 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200884