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t.d.s relatecd query

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Guest

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18 June 2008 our client has not deducted t.d.s from interest on loan payment whole year 2007-08?
now they have decided to pay t.d.s amt after due date in this month? that interest expenditur will be allow in this fin year 2007-08,,if they pay t.d.s amt after 31 st may (means this month only) with interest?
or it will be allow in next fin year 2008-09.?reply fast
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CA Anand Sarda

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CA Anand Sarda (Expert)
18 June 2008 interest expenditure will be disallowed in this year and will be allowed in next year(Financial Year 2008-09 )
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