Tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 January 2016 Does the expenditure of the late payment and the interest on TDS is allowable expenditure for a company??

What is the treatment for the late payment and the interest of TDS of the previous year paid in the present financial year??

thanks

04 January 2016 Interest on delayed payment of TDS is not deductible as per explanation 1 to section 37

04 January 2016 Interest on delayed payment of TDS is not deductible as per explanation 1 to section 37




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