Deduction of interest on late deposit of TDS under Section 37(1) ...

Interest on Late TDS Deposit Not Deductible as Business Expense u/s 37(1) of Income Tax Act.

April 10, 2021

Case Laws Income Tax AT

Deduction of interest on late deposit of TDS under Section 37(1) - payment of interest on late deposit of tax deduction at source by the assessee leviable u/s 201 (1A) of the act is neither an expenditure only and exclusively incurred for the purpose of the business and therefore same is not allowable as deduction u/s 37 (1) - AT

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Deduction of interest on late deposit of TDS under Section 37(1) ...

Interest on Late TDS Deposit Not Deductible as Business Expense u/s 37(1) of Income Tax Act.

April 10, 2021

Case Laws Income Tax AT

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