Interest on TDS disalllowed under which section
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Interest on TDS
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DEAR HARISH,
IT IS DISSALLOWED BY REASON OF MANY JUDGEMENTS...........
NO SECTION IN LAW...........
It has been held by various judgements that any sum paid under Income Tax & Wealth Tax Act cannot be claimed as Deduction..........
specific section of 40
as per Sec.40
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Interest on TDS disalllowed under section 40 |  |
Dear Friends,
I have modified my earlier reply regarding Sec 40, since it deals with only Income Tax & not interest on TDS...
Harish thanks for asking this query, & sorry for my earlier reply...........
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