Tds

This query is : Resolved 

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


31 August 2012 Slightly confused. The income need not be disallowed for want of TDS by the payer.

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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