Dear Experts,
Please advice on below matter
Is tds applicable on moratorium interest ? (Interest not paid by us due to moratorium)
We book every month interest amount in account books.
Allowable expenses or not ?
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TDS on Interest moratorium
Replies (6)
Yes if you are providing interest then TDS will be applicable whether paid or not
Thanks for your reply
Yes if provide interest
Interest allowed under IT ?
Yes it is a business expenses.. I think it is not covered in section 43b.. Some notifications is there hence will be allowed
Thank you Anoop Ji
please provide notification no.
please provide notification no.
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