Is interest on late payment of TDS allowable?
Any case law to support the allowability Or Disallowance?
Menu
Interest On TDS
Replies (5)
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).
Allowable
DCIT Vs M/s Rungta Mines Ltd
DCIT Vs M/s Rungta Mines Ltd
Allowable
Interest is allowed...
Penalty is not allowed...
Penalty is not allowed...
Recent Topic
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
Related Topics
CAclubindia
