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.
CAclubindia
