https://www.taxtmi.com/manuals?id=1866 Disallowance under section 40(a)(ib) applies where consideration paid or payable to a non-resident for specified services attracts equalisation levy, but the levy is not deducted or is not paid by the due date under section 139(1). The corresponding amount is disallowed as a business deduction, though it becomes allowable in the year in which the levy is actually paid. The provision covers specified services and e-commerce supply or services within the stated periods, excluding amounts taxable as royalty or fees for technical services. en-us Mon, 29 Jul 2019 18:32:00 +0530 Thu, 30 Apr 2026 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1866 Disallowance under section 40(a)(ib) applies where consideration paid or payable to a non-resident for specified services attracts equalisation levy, but the levy is not deducted or is not paid by the due date under section 139(1). The corresponding amount is disallowed as a business deduction, though it becomes allowable in the year in which the levy is actually paid. The provision covers specified services and e-commerce supply or services within the stated periods, excluding amounts taxable as royalty or fees for technical services. Manuals Income Tax Mon, 29 Jul 2019 18:32:00 +0530 https://www.taxtmi.com/manuals?id=1866