Interest on tds

This query is : Resolved

Rahul Mehta (Querist)
Follow

16 September 2011 Is interest paid on late deposit of tds disallowed as per clause 17e of form 3CD. If yes, then provide the section under which it is disallowed.

CA Navin Jain

CA Navin Jain (Expert)
Follow

16 September 2011 sec 37 of the income tax act

Rahul Mehta

Rahul Mehta (Querist)
Follow

16 September 2011 sir, thanks for your reply

section 37 doesn't make it clear to me. Please send me the link where it is clearly written that interest paid on late deposit of tds is disallowed..

Thanx....

CA Navin Jain

CA Navin Jain (Expert)
Follow

16 September 2011 CLAUSE e of sec 37

Rahul Mehta

Rahul Mehta (Querist)
Follow

16 September 2011 i m not getting clause "e" in section 37..I have seen in vakilno1.com

Rahul Mehta

Rahul Mehta (Querist)
Follow

16 September 2011 i m not getting clause "e" in section 37..I have seen in vakilno1.com

Pragnesh

Pragnesh (Expert)
Follow

16 September 2011 Pls. refer section 40(a)

Rahul Mehta

Rahul Mehta (Querist)
Follow

16 September 2011 sir this section deals with tds payments not paid to govt. Upto end of FY...m asking abt interest on late tds payment allowability...

Pragnesh

Pragnesh (Expert)
Follow

16 September 2011 Pls. read section 40(a)(ia)

Pragnesh

Pragnesh (Expert)
Follow

16 September 2011 Section 40(a)(ia)

Rahul Mehta

Rahul Mehta (Querist)
Follow

16 September 2011 nthing suitable in specified section

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now