HI
Whether Interest levied by Income tax dept on late deposit of TDS is deductible ? Also quote section no.
CA. Abhishek K. Pandey
(Manager (Advance))
(901 Points)
Replied 05 July 2010
Interest on late payment of TDS is not deductible for Income Tax purposes.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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