Interest on late payment of tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 June 2013
Whether interest paid on late payment of tds can be allow as indirect expenses
17 June 2013
u/s income any penality pay any law not allowed
17 June 2013
No ,it is not allowed expenditure.it is disallowed.
The Hon’ble Supreme Court income Bharat Commerce & Industries v. CIT (1998) 230 ITR 733 (SC) held that interest for late payment of direct taxes is not deductible
Thanks & regards
Ganesh babu k
The Hon’ble Supreme Court income Bharat Commerce & Industries v. CIT (1998) 230 ITR 733 (SC) held that interest for late payment of direct taxes is not deductible
Thanks & regards
Ganesh babu k
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