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tds interest

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(Querist)
11 May 2011 tds interest and membership fees & subscription debited in profit & loss A/C whether disallowed according to income tax act or not
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
11 May 2011 yes... TDs interest will not allowed as a valid expense.

But, membership & subscription is allowed expenses.

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