Interest on tds

This query is : Resolved 

27 September 2016 whether interest paid on late filing of tds and interest on service tax allowed as expense

27 September 2016 Penalty or Interest or Fine under Direct taxes is not deductible-Section 37 of Income Tax Act,1961
Interest Paid on Service Tax is Allowable Expenses
Please Refer The Link.
http://www.taxindiaonline.com/RC2/print_story.php?newsid=10324
Thanks.



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