Kindly suggest on this case study. A rent was not paid to a owner for 2 years by a company and thereby not deducted tds and the expense was disallowed.
Now lets say the company is paying the rent to the owner for all these 2 years and wants to claim in the indirect expenses. Wat tds rate should we apply for this case (Present rate or earlier rate as applicable by then). Also should interest by levied, since it was disallowed and company has not taken any advantage for this expense.
20 October 2010
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