17 May 2011
Q1-interest was due to pay as on 31.3.2011 but due to omissions the same could not be paid and also TDS could not be deducted but now as on dt. TDS return (Jan-Mar) has been filed then what will be the remedy for paying interest and deduction of TDS ? kindly adv.
19 May 2011
Alternatively, you can book interest in the current year and deduct TDS now. Expenses in income tax will be allowed in the current year in this case.
CAclubindia
