TDS Query

This query is : Resolved 

14 April 2009 An individual (covered u/s 44AB) deducted TDS u/s 194 on Interest other than interest on securities in the month of Nov. but paid on 14 April 2009 along with interest. I want to know whether the interest will be deductible in F.Y. 2008-09 or F.Y. 2009-10 or the same is not deductible at all.

14 April 2009 The interest will be deductible in F.Y. 2009-10 i.e. in the year in which TDS is deducted.

14 April 2009 That Interest shall be deductible only in FY 2009-10. If it would have been deposited by 31st March, then you could have claimed it in FY 2008-09. But now it shall be claimed in FY 2009-10.

14 April 2009 That Interest shall be deductible only in FY 2009-10. If it would have been deposited by 31st March, then you could have claimed it in FY 2008-09. But now it shall be claimed in FY 2009-10.

14 April 2009 such interest is not deductible

14 April 2009 In F.Y 2009-10.


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