Please Help????

RAKESH (Almost CA) (2199 Points)

29 August 2010  

Hello everyone

Would like to have ur opinion on the following issues :

1. interest Paid to Chola DBS finance Ltd whether liable for TDS ????

2. During the Previous year there was vat audit and there was some difference and due to that there was some outgo of payment. Whether this amount is allowed as expenditure or it has to be disallowed??