Lesser TDS Deduction Due to Honest Mistake Not Grounds for Disallowance u/s 40(a)(ia) of Income Tax Act.
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....Lesser deduction of tds - in case of bona fide wrong impression, if the deduction is at a lesser rate, the same cannot be a ground for disallowance by invoking the provisions of Section 40(a)(ia). - HC....
TaxTMI