Interest of loan other than bank or other financial institut

233 views 1 replies

Sir,

 

Very Good afternoon

 

I need Clarification for TDS part We are  X Pvt.Ltd Company, we given loan to other Y pvt.ltd  for amount of Rs.90,10,000/- for interest purpose. Y pvt.ltd was interest calculated 998009/- for 2 years (2016-17,2017-18)  the interest amount not paid till date but they are posted in ledger in balance sheet  in actual and interest payable. My question is  Y is posted balance sheet( actula loan and Interest part) ,can we take part in TDS or not ,if not take tds what are effect as per the IT. 

Replies (1)
why you are talking tds part? it is your other income. this income should be included in your p&l. you will have to pay tax on net profit after investments


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details