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Interest on late payment of tds

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22 June 2015 Interest on Late payment of Income Tax is not allowable expenditure since it is nature of personal tax which is inadmissible.But whether Interest on Late payment of TDS is also inadmissible although it is purely business expenditure and nowhere in the act it had been mentioned that it is inadmissible business expenditure.Pls suggest
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CMA MALHAR BEHERA

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CMA MALHAR BEHERA (Expert)
22 June 2015 Not allowable as per section 40(a)(ia).
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