CCI Online Learning
What do you want to learn today?
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Interest & tds to be provided or not


Anish Chowdhary (Consultant)     10 September 2019

Anish Chowdhary
Consultant 
 1 likes  41 points

| My Other Post

I have a Pvt. Ltd. company and i have given unsecured inter corporate loan to a company.

The Company is not paying interest neither refunding the principle.

During prior years the company was deducting tds and depositing the same. But during f.y 18-19 the said company didn't deduct any tds and deposited the same. They have also not returned our signed confirmation for f.y 18-19.

This year i.e f.y 19-20 we have filed a case in court for the same calling for refund of my money along with interest.

So, should i provide for interest and tds in my books for f.y 18-19 or not.

 

avater

Dhirajlal Rambhia (KVO Merau Kutchh)     10 September 2019

Dhirajlal Rambhia
KVO Merau Kutchh 
 9220 likes  93305 points

View Profile | My Other Post

As you have already filed petition in court, you need not make any provision for interest, till any order of the court.

2 Like

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading

Popular Discussion


view more »



Trending Tags
dvat
cag
ca exams
Others
Union Budget
ca
custom
itc
Excise
tin nsdl
mca
eway bill
unified portal
ca students
gstr 3b
income tax
coronavirus
audit
newgstreturn
icsi
VAT
cbdt
itr

FM by Grant Thornton    |    x