https://www.taxtmi.com/article/detailed?id=7665 The document asserts that interest paid for delayed deposit of TDS/TCS is deductible under Section 37 because TDS/TCS are part payments of business liabilities owed to payees; such interest is compensatory in nature and distinguishable from interest on the assessee's own income-tax, which is non-deductible. en-us Fri, 13 Oct 2017 09:06:15 +0530 Fri, 13 Oct 2017 09:06:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7665 The document asserts that interest paid for delayed deposit of TDS/TCS is deductible under Section 37 because TDS/TCS are part payments of business liabilities owed to payees; such interest is compensatory in nature and distinguishable from interest on the assessee's own income-tax, which is non-deductible. Articles Income Tax Fri, 13 Oct 2017 09:06:15 +0530 https://www.taxtmi.com/article/detailed?id=7665