Intt on tds

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SANIA (Querist)
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23 September 2014 as it is written u/s 37(1) that intt under income tax act and wealth tax are not allowed as deduction ,then whether intt paid on late payment of TDS is allowable or not

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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23 September 2014 TDS is a part of Income Tax therefore same provision applies to TDS and interest on TDS is disallowed.

SANIA

SANIA (Expert)
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23 September 2014 As tds is not our income but its our liability then what are your views on this sir

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