interest paid in against of TDS payment to department is allowable expense or not ?????
interest paid in against of TDS payment to department is allowable expense or not ?????
Its not allowed as expenses
thanx............
Its not allowed, as the interest paid arise because of penal provisions.. Any penalty or interest paid on account of penal provisions are not allowed in IT Act 1961.
it is not allowed as expenses
| Originally posted by : vikash | ||
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Definitely unallowable |
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it will be disallowed u/s 37(1)
it will not be allowed as an expense........
yes its a disallowed expenses u/s 37(1)
IT WILL BE DISALLOWED UNDER EXCEPTIONS TO SEC 37(1).
REGARDS,
MANOJ
Will not be allowed.
not allowed
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