26 July 2008
If I am making the Interest Payment by passing Book Entries & Ded. TDS on same in March 2008 but Paying to Govt. Treasury on or before 31/10/2008. My Question is wheather Interest Debited will allowed as an Expenses in F.Y. 2007-2008
26 July 2008
I think u want to understand the implications of tax deducted in the month of march but on or before the due date of filing of return. So, please note that the due date for audit cases is 30.09.2008 for AY 208-09. In case it is paid by 30.09.2008, the interest will be allowable in AY 2008-09
CAclubindia
