TDS on interest from Unsecured loan
This query is : Resolved
28 July 2024
I have given 10 lakhs to my party as unsecured loan. Since the last 3 years, he is deducting TDS on the interest amount and paying it to the govt, and he is adding the interest amount to the principal amount.
Now for the current financial year, he has still not paid the TDS amount to the govt.
How do I file my ITR now ?
Should I add the interest amount to my income, and when should I claim the TDS amount in my ITR ?
Please guide. It is urgent as only 2 days left for filing ITR.
Now for the current financial year, he has still not paid the TDS amount to the govt.
How do I file my ITR now ?
Should I add the interest amount to my income, and when should I claim the TDS amount in my ITR ?
Please guide. It is urgent as only 2 days left for filing ITR.
28 July 2024
Better not to add interest in such case.
File ITR without interest. In case he deducts TDS, you can revise the return.
File ITR without interest. In case he deducts TDS, you can revise the return.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Not a CA , can we prepare balance sheet
- TCS ON SOFTWARE SALES
- Income Type for interest from government bonds
- Adjustment at the beginning of the year
- Bifurcation of prepaid expenses
- Is income taxable or receivable or received in case of LLP and company
- TDS - Form 26QB - Installment - Final payment Query
- ITR 6 Schedule CFL and UD Issues
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
