Interest on late payment of taxes


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Querist : Anonymous

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Querist : Anonymous (Querist)
29 August 2013 Whether interest paid on late payment of following taxes allowed as deduction under Income Tax.
1)Service Tax
2)TDS
3)VAT

Please reply.

30 August 2013 Interest on late payment of Service Tax and Vat is allowed as deduction, whereas same is not allowed for TDS.

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 August 2013 Do I know the provision under which it is not allowed?


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