Interest on tds and income tax paid
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 May 2018
I have paid Interest on TDS relating to FY 17-18 and Interest on Income Tax relating to FY 16-19. So while computing Income tax Liability for FY 17-18 should the same allowed as expense or disallowed. If disallowed, under which section ???
15 May 2018
To disallow u/s 37(1) and 40 (a)(ii) respectively.
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