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        Direct Taxes

        Section 14 - Interest on delayed payment of expenditure-tax

        Expenditure-tax Act, 1987

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        Interest on delayed payment of expenditure-tax requires collectors failing to credit tax within the prescribed period to pay monthly interest. A person responsible for collecting expenditure-tax who fails to credit the tax to the Central Government within the period specified in section 7 must pay simple interest for every month or part of a month by which the crediting of the tax is delayed.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Interest on delayed payment of expenditure-tax requires collectors failing to credit tax within the prescribed period to pay monthly interest.

                              A person responsible for collecting expenditure-tax who fails to credit the tax to the Central Government within the period specified in section 7 must pay simple interest for every month or part of a month by which the crediting of the tax is delayed.


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