I want to know whether the Interest paid on late depositing the TDS to the Govt is allowed expenditure or not. and also the penalty for late filing the TDS Return.
I want to know whether the Interest paid on late depositing the TDS to the Govt is allowed expenditure or not. and also the penalty for late filing the TDS Return.
Dear Ashish,
NO IT WILL NOT BE ALLOWED.....
For detail discussion -Plz refer this
/forum/interest-on-delayed-tds-amount-can-allowable--75191.asp
CAclubindia
