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 There are Certain Expenses Disallowed which we studied in PGBP as mentioned below

All these will also be applicable in case of Income from Other Sources

 

PGBP

Income from Other Sources

Following are Disallowed under PGBP

 

Any Person Exense is disallowed

 Section 37

 

Any expense paid outside India on which TDS not deducted or TDS Deducted but not paid is disallowed

Section 40(a)(i)

 

Any Salary paid outside India on which TDS not deducted or TDS Deducted but not paid is disallowed

Section 40(a)(iii)

 

 

Any wealth tax paid is disallowed

Section 40A (2A)

 

Excessive and Unreasonable Expenses paid to Relative etc is disallowed

{Section 40A(2) } 

 

Cash Payments >20000 is disallowed

Section 40A(3)

As per Section 58,

 

All these cases of expense disallowed

will also be applicable

in case of

Income from Other Sources

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 6 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com.
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