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Ramya Bhat   28 June 2021

Disallowance under IT act

can u pls provide whether e these are disallowble under the act.

1..Interest paid on TDS
2..late fees paid for tds filing
3..Gst late fees..
4..interest paid on Gst
5..interest paid on late payment of ESIC


 2 Replies

suraj

suraj (Student CA Final )     28 June 2021

As per section 37 of income tax Interest Under Direct tax is disallowed ie.1,2 &5
Interest or late fee under indirect tax is allowed i.e 3+5
however penalty under both direct and indirect tax is disallowed
1 Like
prasad Nilugal

prasad Nilugal   28 June 2021

Refer case laws ( judgement of courts ) in this regard .

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