Interest on Delayed Payments Not TDS Applicable u/s 194A; Disallowance u/s 40(a)(ia) Not Required.
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....TDS u/s 194A - Disallowance u/s 40(a)(ia) - interest paid on delayed payment of purchases is not interest within the definition of section 2(28A) of the Act and therefore disallowance is not warranted - AT....
TaxTMI