Our one sister concern transfer a Amount of Rs. 50 lakh, because of our need
in June 2012, we yet not return back this amount to them, now, when will we
return this amount to them dont know, but my company want to give a intt. @ 12% p.a.to them
on ending of each month we are passing a entry of Intt. Payable to them,
my query is that - we are liable to make any entry of TDS Payable on above intt or not ?
if yes ! then when will we have to deposit such TDS amount to deptt.
either after making of TDS payable entry , or after giving a amount of Intt. in cash. ?
CAclubindia
