TDS on interest

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guruprasad (Querist)
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10 June 2011 Hi members,

one of our clients not deducted TDS on Interest paid to one private limited company in FY 2006-07. however, such company declared that income in its ROI and paid respect income tax on such income. kindly guide me in case .can i ignore consequences of section 201(1) of Income Tax act 1962?

awaiting for your valuable reply.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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10 June 2011 Represent before the officer with proof that the deductee had discharged the income tax liability on such interest.
Delhi high court decision in CIT Vs. Adidas India Marketing Pvt Ltd reported in 157 Taxman 519 may be relied.

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