1. Is interest on Late deposit of TDS allowable ?
2. A Demand notice was issued against short deduction of TDS. Lately such Demand is paid to dept. can we claim it as an expense? (logic - excess tds paid is trfd to creditor a/c and creditor didnot paid such amt hence becoming baddebt)
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Allowability of Interest on TDS and excess tds deposited to dept.?
Replies (2)
1. No
2. Yes as sundry balances written off
2. Yes as sundry balances written off
Agreed with joshi ji
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