hii everyone
can any 1 solve my query:
one person took unsecured loan in 08-09 and charged interest on it and accordingly deducted tax and deposited it with govt. But the person giving the loan didn't claimed the tds benefit neither booked the interest income in F.Y. 08-09 but had filed his ITR within due date.
so the person giving the loan can book his income in F.Y. 09-10 and claim the tds on such interest income which was not claimed in F.Y. 08-09???
please reply with your valuable comments.its urgent..
thanx
CAclubindia
