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Question ID : 42298

082701

Can we show Interest payable in 2021-22 and pay in July 22 without deductong TDS in 21-22 as Form 15 H could not be submitted in April 22 due to problem in Portal

Posted by Mahesh Kumar on Jun 07, 2022

Filed Under DIRECT TAXES

Answer ID : 81517

You can book the interest in 2021-22, but to disallow 30 % u/s 40 (a)(ia) for income tax computation of that year and claim deduction for such amount in 2022-23 if paid as you said.

Posted by B.CHACKRAPANI WARRIER on Jun 08, 2022