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Interest on TDS

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(Querist)
09 September 2009 Whether Interest on late payment of TDS is allowed as expenses under ncome Tax Act ?
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CA CHINTAN AJMERA

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CA CHINTAN AJMERA (Expert)
09 September 2009 I think not allowed.
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Azmathullah Khan

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Azmathullah Khan (Expert)
09 September 2009 If the payment for the current year is allowed, or else not allowed., eg.

TDS for 2008-09 paid now, interest is not allowed
if the tds is for the same year, and the interest is to the same year then allowed.
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