Interest on TDS

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....nterest on TDS<br> Query (Issue) Started By: - CA Rachit Agarwal Dated:- 26-9-2010 Last Reply Date:- 27-9-2010 Income Tax<br>Got 1 Reply<br>Income Tax<br>Whether interest paid on delayed payment of TD....

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....S 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 li....

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....nked to the deductible expenditure, hence interest on TDS also deductible. Request you to give a proper opinion. Reply By GOPALJI AGRAWAL: The Reply: Interest paid under any provisions of income ta....

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....x is not allowable expenditures as held by various high courts as well as Supreme Court. See Bharat Commerce & Industries Limited Vs. CIT[1998] 230ITR733<br> Discussion Forum - Knowledge Sharing ....