Tax audit clause 34C

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whether we have to report interest on tds Paid during the previous year or interest on TDS relevant to the previous year whether paid in the next previous year also.

Ex. Interest on TDS paid during the previous year 20-21 is 700000. Out of this interest for PY 19-20 is 50000 and also interest for 20-21 paid in 21-22 is 100000.

whether we have to report
(a) Interest on tds =700000 OR
(b) interest relevant to 20-21 ie
=700000-50000+100000
=750000
Replies (1)
700000

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