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