Interest on TDS

Harish Bhootra (Service) (76 Points)

13 January 2010

Interest on TDS disalllowed under which section

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Amir (Learner) (4016 Points)
Replied 13 January 2010

DEAR HARISH,

IT IS DISSALLOWED BY REASON OF MANY JUDGEMENTS...........

NO SECTION IN LAW...........

It has been held by various judgements that any sum paid under Income Tax & Wealth Tax Act cannot be claimed as Deduction..........

Harish Bhootra (Service) (76 Points)
Replied 13 January 2010

specific section of 40

Venkat M (FCA) (133 Points)
Replied 13 January 2010

disallowed under section 40(a)(ii)

CMA Ramesh Krishnan (Cost & Management Accountant) (71489 Points)
Replied 13 January 2010

as per Sec.40

PUNEET GUPTA 9780822635 (B.COM CA FINAL STUDENT BATHINDA) (58 Points)
Replied 14 January 2010


	Interest on TDS disalllowed under section 40

Amir (Learner) (4016 Points)
Replied 14 January 2010

Dear Friends,

I have modified my earlier reply regarding Sec 40, since it deals with only Income Tax & not interest on TDS...

Harish thanks for asking this query, & sorry for my earlier reply...........

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