Interest paid for tds payment
This query is : Resolved
05 August 2011
Whether the Interest paid on TDS is allowable or disallowable ?
Thanks in Advance
Thanks in Advance
05 August 2011
Not a business expenditure. Disallowance is warranted.
Citation :- CIT Vs. Chennai Properties & Investments Ltd (1999) 239 ITR 435(Mad).
Citation :- CIT Vs. Chennai Properties & Investments Ltd (1999) 239 ITR 435(Mad).
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