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 ?
6 Replies
Anoop srivastava
(223 Points)
Replied 10 July 2021
Yes if you are providing interest then TDS will be applicable whether paid or not
Anoop srivastava
(223 Points)
Replied 11 July 2021
Yes it is a business expenses.. I think it is not covered in section 43b.. Some notifications is there hence will be allowed
Jatin
(Accountant)
(3479 Points)
Replied 11 July 2021
Thank you Anoop Ji
please provide notification no.
please provide notification no.
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