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Tds

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(Querist)
22 August 2012 Dear Sir/Madam,

Is interest/Penalty paid on belayed remittance of TDS allowed as deduction as per Income Tax Act?
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CA Navin Jain

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CA Navin Jain (Expert)
22 August 2012 not allowed
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
22 August 2012 Interest/Penalty on delay payment of TDS is not allowed as deduction.
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