Pankaj Arora
(Job)
(150 Points)
Replied 16 June 2011
Dear Santu
If u had booked expenses in March'11 and deduted TDS in April then rate of interest charged is 1% p.m. from the date it was deductible to the date it is deducted. There will be no interest on deposit as u hav deducted in april and deposited before 7th may. But expenses that u had booked in march'11 will not be allowed in F.Y. 2010-11.
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