hiii friends.....
If one has not deducted TDS on interest for the year 2009-10 and neither paid interest amount to the relevant parties and now if he wishes to deposit TDS amount along with interest for late deposit then will the interest expense be allowed for the year 2009-10?
If yes please give a reference......
You will have to deduct TDS in the previous year itself and the same can be deposited now along with interest to be allowable in the previous year
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