Amendment to Section 40(a)(ia) Retrospective: Kolkata HC

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The disallowance u/s 40(a)(ia) was very harsh for business men who got the punishment even after making the making the payments before filing the return.  An amendment effective from 01/04 /2010 was brought in by Finance Act 2010 gave a relief that if the TDS is deposited before due date of filing of return, the…