Reg: nri tds
This query is : Resolved
08 July 2013
Dear Experts,
Expenses has been booked for interest paid to NRI,but fr these respective expenses TDS was not deducted.hence expense is disallowed fr IT purpose
My query.
In next FY if i pay Deduct TDS and remitt it , will the interest expense allowed as expenditure fr IT purpose.
(or)
Any specific provision is there regarding disallowance of expenses on non deduction of tds to nri evn if later tds has been paid.
kindly help
Expenses has been booked for interest paid to NRI,but fr these respective expenses TDS was not deducted.hence expense is disallowed fr IT purpose
My query.
In next FY if i pay Deduct TDS and remitt it , will the interest expense allowed as expenditure fr IT purpose.
(or)
Any specific provision is there regarding disallowance of expenses on non deduction of tds to nri evn if later tds has been paid.
kindly help
08 July 2013
Yes it will allowed in the year of payment to Central Gov.
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