126 results for “TDS”+ Section 70clear
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Bench: ALOK ARADHE,H.T. NARENDRA PRASAD
TDS on payment made to purchase of software and has claimed depreciation under Section 32 of the Act on such software. It is also pointed out that the intent of disallowance under Section 40(a)(ia) of the Act is to ensure prevention of revenue leakage on foreign payments as recovery of tax from non resident payees was difficult. With