last financial year'2007-08 i have not deposit TDS amount
till today. can i deposit TDS amount now with interest.
please advise me.
Answer Posted / manish kumar shah
Yes you can deposit the tds amount with interest but the
expenses will be booked only in the year in which the
amount is deposited and not in the F.Y. in which it was
deducted and you will have to pay income tax for the year
in which it was deducted as per prescribed rates as it will
be termed as income for the year for expenses for which it
was deducted
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