Interest on late payment of taxes

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 August 2013 Whether interest paid on late payment of following taxes allowed as deduction under Income Tax.
1)Service Tax
2)TDS
3)VAT

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30 August 2013 Interest on late payment of Service Tax and Vat is allowed as deduction, whereas same is not allowed for TDS.

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 August 2013 Do I know the provision under which it is not allowed?




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