15 July 2008
We made a pymt of commission of Rs. 250000/- on which forgot to deduct tds.
Now the transaction is been caught. On this we have to deposit TDS alongwith interest for the period. Also the tds return is to be filed, which is also delayed and penalty has to be paid.
Question is, in which financial year this interest & penalty charges are to be booked as pertains to transaction related to last year..
CAclubindia
