https://www.taxtmi.com/highlights?id=63667 Disallowance on account of interest paid on delayed payment of TDS - as the tax deducted at source (TDS) is not in the nature of the income tax which is required to be paid on profits & gains chargeable to tax u/s. 28 of the Act and thus not disallowable u/s. 40(a)(ii) of the Act, the consequent the interest paid u/s. 201(1A) of the Act upon late payment of TDS also cannot be disallowed u/s. 40(a)(ii) of the Act. - AT en-us Wed, 25 May 2022 09:53:50 +0530 Wed, 25 May 2022 09:53:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=63667 Disallowance on account of interest paid on delayed payment of TDS - as the tax deducted at source (TDS) is not in the nature of the income tax which is required to be paid on profits & gains chargeable to tax u/s. 28 of the Act and thus not disallowable u/s. 40(a)(ii) of the Act, the consequent the interest paid u/s. 201(1A) of the Act upon late payment of TDS also cannot be disallowed u/s. 40(a)(ii) of the Act. - AT Highlights Income Tax Wed, 25 May 2022 09:53:50 +0530 https://www.taxtmi.com/highlights?id=63667