Taxpayer Can Deduct Interest Paid on Late TDS u/s 37(1) as It's Not Directly Linked to Income Tax.

Taxpayer Can Deduct Interest Paid on Late TDS u/s 37(1) as It's Not Directly Linked to Income Tax. https://www.taxtmi.com/highlights?id=44111 Deduction of expenses u/s 37(1) - any interest paid on account of late payment of TDS could not be linked to the Income Tax of the assessee and therefore, the deduction thereof was available to the assessee. en-us Fri, 25 Jan 2019 09:59:58 +0530 Fri, 25 Jan 2019 09:59:58 +0530 TaxTMI RSS Generator Taxpayer Can Deduct Interest Paid on Late TDS u/s 37(1) as It's Not Directly Linked to Income Tax. https://www.taxtmi.com/highlights?id=44111 Deduction of expenses u/s 37(1) - any interest paid on account of late payment of TDS could not be linked to the Income Tax of the assessee and therefore, the deduction thereof was available to the assessee. Highlights Income Tax Fri, 25 Jan 2019 09:59:58 +0530 https://www.taxtmi.com/highlights?id=44111