Interest On TDS

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Ketal Jain 29 January 2020

Is interest on late payment of TDS allowable?
Any case law to support the allowability Or Disallowance?

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Kapadia Pravin 29 January 2020

allowable .

any delay in payment of TDS by assessee could not be linked to income tax of assessee and consequently, interest expenses claimed by assessee on account of delayed deposit of TDS liability was allowable under section 37(1).