Interest on Late depsoited on TDS is not Deposit
This query is : Resolved
19 May 2008
I Have to know that, if Interest due on TDS (TDS not deposit in time but depsoit before the end of the financial year in which TDS Arise)and Interest on TDS not Deposit in Same Financial Year, whether it would effect on Disallowance of epenses.
19 May 2008
Hi Umesh,
it will not attract disallowance as the compliance is made within the same financial year u/s 40(a)(i) though interest is paid for delayed payment
Rgds/
Vineet
it will not attract disallowance as the compliance is made within the same financial year u/s 40(a)(i) though interest is paid for delayed payment
Rgds/
Vineet
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