Tds
This query is : Resolved
31 August 2012
Dear All,
Plz solve my quaries.
A Pvt ltd company booked a accured interest for the financial year 09-10, but the interest accured booked without TDS Deduction by party.
tell me the accured income interest is disallowed, other allow & what effect the other party.
plz give me the clarification.
thanks
Plz solve my quaries.
A Pvt ltd company booked a accured interest for the financial year 09-10, but the interest accured booked without TDS Deduction by party.
tell me the accured income interest is disallowed, other allow & what effect the other party.
plz give me the clarification.
thanks
31 August 2012
Slightly confused. The income need not be disallowed for want of TDS by the payer.
31 August 2012
The expense will be disallowed due to non deduction of TDS.
Interest income will still be taxable.
All the Best.....
Interest income will still be taxable.
All the Best.....
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