Interest & tds to be provided or not


AnISH (AAAAAAAAAAA)     10 September 2019

AnISH
AAAAAAAAAAA 
 35 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 
 8795 likes  90470 points

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

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