Query regarding tax

This query is : Resolved 

24 August 2011 Dear Sir,

I need your help very urgent...
One of My client Paid interest on Unsecured Loan and not deducting TDS also he did not submitted 15G form to CIT office . No the file was selected for scrutny case and AO May Disallowed this expenses.

Please suggest me whether the interest allowable and any case law based on upon this and Is penalty Levied on Non submission of 15G form
Email your Suggestion on Following Email ID:
sahilagrawal26@yahoo.co.in

24 August 2011 https://www.caclubindia.com/articles/applicability-of-sec-40-a-ia-on-year-end-tds-provisions-4013.asp

Kindly go thru the said article.


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