INTEREST ON TDS allowability as expense

V V N Machara Rao Tavva (Student) (31 Points)

14 September 2009  

Sir, can u pls guide me on the issue of Allowance of Expense Towards Payment of Interst on TDS.

1) is it an allowable expense under the Act.

2) if so, please let me know the section No. and Notifications by CBDT if any.

Thank you for helping me.