https://www.taxtmi.com/forum/issue?id=119541 Payments for construction of a building that are capitalized as a fixed asset are not subject to disallowance under section 40(a)(ia) because they are not debited to the profit and loss account; the cost should be capitalized and depreciation claimed, while failure to deduct TDS remains a separate compliance exposure attracting interest and potential penalty. en-us Thu, 23 Jan 2025 11:09:25 +0530 Thu, 01 May 2025 11:09:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119541 Payments for construction of a building that are capitalized as a fixed asset are not subject to disallowance under section 40(a)(ia) because they are not debited to the profit and loss account; the cost should be capitalized and depreciation claimed, while failure to deduct TDS remains a separate compliance exposure attracting interest and potential penalty. Discussion-Forum Income Tax Thu, 23 Jan 2025 11:09:25 +0530 https://www.taxtmi.com/forum/issue?id=119541