Yes, friends, how are you?
In the last section, we discussed about Shakira madam.
And we said that the Shakira madam whom we pay, if we don't
deduct TDS on her, or for example, we deducted TDS but
didn't get the government to deposit, then that 100%
expense will be disallowed because I was paying a
non-resident.
Now, for example, we discussed about Shakira madam that if
she had filed her return, and had shown that income in her
return, and had deposited her tax on that income to the
government, then it would have been assumed that I have
deducted her TDS.
When is it assumed that I have deducted her TDS?
When she filed her return, i.e. next year.
So that year's expense will be disallowed, 100%.
But when she will pay the government next year,
I will get the deduction of that year's expense.
This is what we tried to understand in the last lecture.
Take the example of Chris Gayle.
Look, I had put up an image for you.
Who is this? This is Chris Gayle.
And with whom is he standing?
He is standing with Vijay Mallya.
There used to be an ad of Kingfisher.
Oh la la la le oh! Oh la la la le oh!
So, when they shoot an ad, they call them from India, from
West Indies.
They did the shooting and left.
So, if Vijay Mallya has not deducted her TDS, then Vijay
Mallya will not get any deduction in that case.
But if Chris Gayle had deposited his tax to the Indian
government, had filed his return, and had included that
income in the computation of income, and had also taken a
CSA certificate, then Vijay Mallya will get the deduction
of that expense next year.
It can be assumed that Vijay Mallya has deducted her TDS,
which she had not deducted, in the next year.
This is what we discussed in the last lecture.
What will we study today?
Sir, today we will study another section.
In the last lecture, we were talking about non-residents.
Shakira is a non-resident.
Chris Gayle, a cricketer, is also a non-resident.
Today, we will discuss that if we pay the residents, and on
that payment, we do not need the deduction of TDS.