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Interest on late payment of tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 June 2013 iNTEREST ON LATE PAYMENT OF TDS IS ALLOWABLE OR NOT . AND GIVE ACCOUNTING ENTRIES FOR THAT IN DETAIL.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
19 June 2013 Interest on late payment of TDS will be disallowed.

Dr: Interest on delay payment of TDS
Cr: Bank

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