T.D.S. & Service Tax
This query is : Resolved
28 August 2009
Disallowance of Interest on TDS & Interest on Service Tax in computation of business Income. Why? under which section?
28 August 2009
No interest on late payment of tds & service tax is allowed expenditure.
Only penal interest & penalty is not allowed as deduction. Penal interest means interest imposed by the assessing officer at the time of assessment.
Only penal interest & penalty is not allowed as deduction. Penal interest means interest imposed by the assessing officer at the time of assessment.
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