I want to know whether the Interest paid on late depositing the TDS to the Govt is allowed expenditure or not. and also the penalty for late filing the TDS Return.
ashish gupta ( student) (1922 Points)
31 March 2010I want to know whether the Interest paid on late depositing the TDS to the Govt is allowed expenditure or not. and also the penalty for late filing the TDS Return.
Amir
(Learner)
(4016 Points)
Replied 31 March 2010
Dear Ashish,
NO IT WILL NOT BE ALLOWED.....
For detail discussion -Plz refer this
/forum/interest-on-delayed-tds-amount-can-allowable--75191.asp
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