Allowable or not

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 October 2012 Interest on delay payment of tds instalments.
is it allowable exp?
In which sec it is allowable?
Is there any case law relating to this?

CA Navin Jain

CA Navin Jain (Expert)
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06 October 2012 no, its not allowable as per income tax act.

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