Disallowance for nondeduction of tax from payment to resident in respect of Income from Other Sources

Disallowance for nondeduction of tax from payment to resident in respect of Income from Other Sources :

CLAUSE(S) OF
FINANCE BILL,
2017

PARTICUL ARS OF AMENDME NTS

SECTION

AMENDMENT / NEWLY
INSERTED

APPLICABLE
W.E.F.

BRIEF OF AMENDMENT

Disallowance
for nondeduction
of
tax from
payment to
resident in
respect of
Income from
Other Sources

58(1A)(ia)

Newly Inserted

01/04/2011
(A.Y. 2018-19)

To apply provisions of Section 40(a)(ia) in computing income chargeable under the head “ income from other sources” as they apply in computing income chargeable under the head “profit and gains of business or Profession.”

Previously, disallowance for non-deduction of tax from payment to non-resident, now extended to resident also in Section 58 (i.e. reference made to Section 40(a)(ia) now).

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