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Interest on tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 August 2012 Is Interest paid on late deduction/Payment of T.D.S. allowable expenses under income tax act?

in case of interest on VAT is there same treatment as of above?
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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
23 August 2012 Interest on TDS is Not Allowed.
Whereas Interest paid on VAT, CST Excise I mean Other Act Allowed.
Only Interest Chargeable Under IT Act is Not Allowed.
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Hemant Kumar

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Hemant Kumar (Expert)
23 August 2012 Agree with expert
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