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Tax audit for the year ended 31st March 09

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17 August 2009 Should Interest paid for delayed payment of tax be shown under clause 17(e)of Form 3CD.
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CA KAMLESH INDERCHAND JAIN

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CA KAMLESH INDERCHAND JAIN (Expert)
18 August 2009 Actually the clause 17(e) of the form 3CD relates with the any payment in nature of penalty for the violation of law which is disallowable. Though the interest is considered as penalty it is not on account of violation of law so no need to show interest on delayed payment of tax.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
19 August 2009 Interest paid on delay in payment of TDS is disallowable u/s 40(a) and hence should be shown under 17(f)
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