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Interest on TDS

CA Rachit Agarwal

Whether interest paid on delayed payment of TDS is deductible expenditure? Is there any case law.

Various opinion has come: 

1. As income tax is not deductible and TDS being income tax, hence interest on TDS also not deductible

2. As TDS is linked to the deductible expenditure, hence interest on TDS also deductible.

Request you to give a proper opinion.

Interest on Delayed TDS Payments Not Deductible, Supreme Court Cites Bharat Commerce & Industries Ltd. Case A query was raised regarding whether interest paid on delayed TDS payments is a deductible expense. Two opinions emerged: one suggesting it is not deductible since TDS is considered income tax, and another arguing it is deductible as TDS relates to deductible expenses. The response referenced a Supreme Court ruling, stating that interest paid under income tax provisions is not an allowable expense, citing the case of Bharat Commerce & Industries Limited Vs. CIT. (AI Summary)
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