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(Querist)
31 August 2012 Dear All,

Plz solve my quaries.

A Pvt ltd company booked a accured interest for the financial year 09-10, but the interest accured booked without TDS Deduction by party.

tell me the accured income interest is disallowed, other allow & what effect the other party.

plz give me the clarification.

thanks
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Amol S Joglekar

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Amol S Joglekar (Expert)
31 August 2012 Slightly confused. The income need not be disallowed for want of TDS by the payer.
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CA Amit Jaiswal

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CA Amit Jaiswal (Expert)
31 August 2012 The expense will be disallowed due to non deduction of TDS.

Interest income will still be taxable.


All the Best.....
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