amendment to sec. 40(a) (ia) has retro-effect
No disallowance if TDS is deposited before due date of filing return; amendment to sec. 40(a) (ia) has retro-effect Section 40(a) (ia) of the Income-tax Act, 1961 – Business disallowance – Interest etc. paid to a resident without deduction of tax at source -Deposit of TDS in Government account Where assessee having deducted tax at …