Provision of adjustment - tds liability

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..... Dear Sir Suppose we have Tds liability of Rs 100 Interest thereon is Rs 20 We have paid Rs 115 for that. Now my question is whether Rs 115 paid will be first adjusted towards Interest of Rs 20 b .....

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..... alance Rs 95 will be adjusted against principal amount or vice versa. Kindly clarify,giving the provision of Tds law. Regards Shatrughan (RLE India Pvt Ltd) - Reply By Dinesh Gupta - The Reply = As p .....

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..... er the provisions of Income Tax and TDS, interest is a simple interest. Therefore, you need to adjust the amount of TDS first out of Rs. 115 and interest thereafter with the remaining amount. The bala .....

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..... nce amount of interest should be deposited as Interest. - Provision of adjustment - tds liability - Query Started By: - shatrughan sinha Dated:- 8-6-2009 Income Tax - Got 1 Reply - Income Tax - Disc .....

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..... ussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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