Intt on tds
This query is : Resolved
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
23 September 2014
TDS is a part of Income Tax therefore same provision applies to TDS and interest on TDS is disallowed.
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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