Interest on Delay Payment of TDS
This query is : Resolved
12 October 2010
One of my client has late deducted TDS for the FY 2008-2009 and deposited in the FY 2009-10 along with interest. Whether such Interest on delayed payment of TDS is allowed as an expenditure in the FY 2009-10 or not?
12 October 2010
Not a business expenditure.
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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