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Interest on tds & dvat interest & penalty

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(Querist)
14 August 2013 PL. CLARIFY THAT INTEREST PAID ON TDS DEPOSIT & INTEREST & PENALTY PAID UNDER DVAT ACT IS ALLOWABLE EXPENDITURE IN INCOME TAX OR NOT
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Ganeshbabu K

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Ganeshbabu K (Expert)
16 August 2013 interst on tds and dvat is allowed

penalty is disallowed
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Nischit Sanghavi

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Nischit Sanghavi (Expert)
20 August 2013 Interest expenditure is allowed but penalty is not allowed.
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