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TDS on Interest moratorium

676 views 6 replies
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 ?
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.


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