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Late tds payment

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 May 2012 I understand that if TDS is paid late then interest for late payment is charged.

Is there a chance that the expenditure may be disallowed by the IT officer on grounds of late payment of TDS at his discretion?
Or is it disallowed?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
01 May 2012 No Expenditure will not be disallowed on grounds of late payment provided TDS is deposited before the due date of filing of the return. But a penalty proceeding may be initiated against you for late deposit of TDS with Max penalty 100% of TDS amount.
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