Panel Interest on Late payment of TDS/Advance tax/FBT

ANSHUMAN KHANDELWAL (JOB) (311 Points)

02 December 2008  

hi,

pl let me know what is the treatment of Interest on Late deposit of TDS/advance tax/FBT ?i m, little bit confused on this issue.whether it is expense out or will be added on appropriate tax payment ?

thanx in advance