17 November 2014
if a assesse paid TDS after due date than the interest charge there on and paid by assesse is also deductable from profit and noted in 3CD...
18 November 2014
Interest on TDS is levied under section 201(1A) of the Income tax Act,1961. The said expenditure will not be allowed as a business expenditure. Citation: Madras high court decision in CIT V Chennai Properties & Investments Ltd reported in 239 ITR 435
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