Whether interest on delayed paid of sales tax tds st allowed

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22 September 2013 Whether interest on delayed paid of Sales tax TDS ST Allowed

1) If Allowed then which sec.

2) If Disallowed then Which sec.

22 September 2013 1)INTEREST ON SALES TAX ALLOWED

Commissioner Of Income-Tax vs S.S. Ratanchand Bholachand (Huf) on 22 January, 1992

2)INTERST ON TDS ALSO ALLOWED AS IT IS COMPENSATORY NATURE

3)BUT PLEASE NOTE IF ANY PENALTIES PAID UNDER ANY LAW IT IS DISALLOWED IN TAX AUDIT AND REPORTABLE IN FORM 3CD CLAUSE 17E

22 September 2013 1)INTEREST ON SALES TAX ALLOWED

Commissioner Of Income-Tax vs S.S. Ratanchand Bholachand (Huf) on 22 January, 1992

2)INTERST ON TDS ALSO ALLOWED AS IT IS COMPENSATORY NATURE

3)BUT PLEASE NOTE IF ANY PENALTIES PAID UNDER ANY LAW IT IS DISALLOWED IN TAX AUDIT AND REPORTABLE IN FORM 3CD CLAUSE 17E


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