Dear Friends,
A person has deducted Tax at source but he did not pay it to govt.
Now any how the amount is not deductable u/s 40(a) for not deducting Tax.(TDS).
whether the interest on that TDS is allowed or it is also disallowed . If disallowed then, please give an explanation with relevant section.
thank you.
Interest on TDS is disallowed. It is an accretion to your TDS liability and not an expense.
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