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Advance tax & tds

This query is : Resolved 
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(Querist)
22 August 2011 In FY 2009-2010 Company fails to pay Advacne tax so Interest u/s 234 B & C is charged
For FY 2010-2011 above interest debited in P & L
Sir my question is that
while calculating the Profit whether such Interest is disallowed or allowed.

Same case in TDS also

Pls reply it very urgent
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
22 August 2011 Interest on TDS or Income Tax both are disallowed
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mahendra soni

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mahendra soni (Expert)
22 August 2011 interest paid under any provision of Income Tax Act, Wealth Tax Act for late payment or short payment of regular tax, advance tax, self assessment tax, TDS is not deductible

Case laws: Bharat Commerce & Industries Ltd Vs CIT 230 ITR 733 (1998)(SC)
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