Tds
This query is : Resolved
30 October 2013
I want to know that is it mandatory to book the provision for interest on unsecured loan on quarterly basis. And if I would like to pay the interest on unsecured loan for the period from 01.04.2013 to 31.10.2013 & would like to deposit the TDS on that interest amount, Is it possible OR in that case I have to deposit the late fee for the first two quarters.
30 October 2013
check the contract when the interest accrue to the unsecured loan
if your contract provides payment of interest on half yearly basis, you can deposit the tds on or before 07.11.2013 with out interest
if your contract provides payment of interest on half yearly basis, you can deposit the tds on or before 07.11.2013 with out interest
30 October 2013
the booking of interest has to be done on accrual basis in line with the terms and conditions of the loan agreement.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- FCRA 6 E- Intimation
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- ITR 4 and Bank transactions
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
