Interest on delay payment of tds
This query is : Resolved
08 October 2012
Interest on Delay payment of TDS is allowable or not.
Please give reason.
is there any case law relating to this?
Please give reason.
is there any case law relating to this?
08 October 2012
Interest paid U/s 201(1A), ie for belated payment of TDS, cannot assume the character of business expenditure and is not allowable as deduction.
Citation :- CIT Vs. Chennai Properties & Investments Ltd (1999) 239 ITR 435(Mad).
Citation :- CIT Vs. Chennai Properties & Investments Ltd (1999) 239 ITR 435(Mad).
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