Interest on late payment of TDS
This query is : Resolved
25 March 2011
sir
can anyone tell me that i dad deposited tds amount with interest due to late payment of tds @1% & 1.5 % respectively!!!
what accounting treatment i need to give for the interest paid ????
can i debit it to P& L account if not then what to do?????
can anyone tell me that i dad deposited tds amount with interest due to late payment of tds @1% & 1.5 % respectively!!!
what accounting treatment i need to give for the interest paid ????
can i debit it to P& L account if not then what to do?????
25 March 2011
debit it to P& L account
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