TaxTMI 
TaxTMI 
Section 194A of Income Tax Act, 1961
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....ection 194A of Income Tax Act, 1961<br> Query (Issue) Started By: - Ganpat Khemka Dated:- 1-4-2011 Last Reply Date:- 6-4-2011 Income Tax<br>Got 2 Replies<br>Income Tax<br>If a central government under....
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....taking has made provision for future expenses say for an amount of Rs. 20 crores whether Sec 194A will attract as from the plain reading of section 194A it appears that section will be attrated if pay....
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....ment is paid to payee or has been credited to the account of payee by way book entry but remain silent about the provisiions made for expenses. Now, what is the tax implication i.e whether the same wo....
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....uld attract Sec 194A or not. Your instant reply will be fervently solicited Reply By Rama Krishana: The Reply: Only ascertained libility is subject to TDS as per my understanding. In case of future....
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.... expenses, where the account of of payee is effected, TDS is required to the deducted. But, where mere a provision is made without making any entry to payee account, in my view, provisions of section ....
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....194A are not attracted. Reply By Rama Krishana: The Reply: Only ascertained libility is subject to TDS as per my understanding. In case of future expenses, where the account of of payee is effected,....
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.... TDS is required to the deducted. But, where mere a provision is made without making any entry to payee account, in my view, provisions of section 194A are not attracted.<br> Discussion Forum - Knowle....
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....dge Sharing ....