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Disallowance of interest on tds late payment

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21 September 2011 If a pvt ltd company has deducted tds but paid to the government late . so the compnay paid tds amount along with Interest.
Interest on late payment of Tds can be dissallowed under Income tax Act
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CMA Ashutosh Kumar Gupta

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CMA Ashutosh Kumar Gupta (Expert)
21 September 2011 I don't think so interest paid on delay is not disallowable.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
21 September 2011 Interest on belated payment of TDS is not a business expenditure and hence will be disallowed for income tax purposes.
Citation :- CIT Vs Chennai Properties & Investments Ltd (1999) 239 ITR 435 (Mad).
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