Provisions u/s.40A(5), Income Tax Act 1961.

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....ssessing the cases of the foreign technicians and the ITOs assessing the cases of the employers the question of disallowing the salaries and perquisites paid in excess of the limits prescribed u/s.40A(5) has escaped the attention of the ITO assessing the employer. This has resulted in loss of revenue and under-assessment in certain cases pointed out by the Revenue Audit. 2. In order to avoid su....