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Interest On TDS


Ketal Jain   29 January 2020

Ketal Jain

 9 points

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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

Kapadia Pravin

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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).

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ramya maddila   29 January 2020

ramya maddila

 2 points

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Allowable
DCIT Vs M/s Rungta Mines Ltd

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Roshni (Studwnt)     29 January 2020

Roshni
Studwnt 
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Allowable

RAJA P M ("Do the Right Thing...!!!")     29 January 2020

RAJA P M
"Do the Right Thing...!!!" 
 7928 likes  108071 points

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Interest is allowed...

Penalty is not allowed...

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Abhishek Kumar (Audit Professional)     29 January 2020

Abhishek Kumar
Audit Professional 
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Allowable


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