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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??

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CA CMA CS Ram Pavan Kumar Melam

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CA CMA CS Ram Pavan Kumar Melam (Expert)
04 January 2016 Interest on delayed payment of TDS is not deductible as per explanation 1 to section 37
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CA CMA CS Ram Pavan Kumar Melam

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CA CMA CS Ram Pavan Kumar Melam (Expert)
04 January 2016 Interest on delayed payment of TDS is not deductible as per explanation 1 to section 37
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