Business expenditure - Interest on late payment of TDS - The ...

April 20, 2022

Case Laws Income Tax AT

Business expenditure - Interest on late payment of TDS - The issue involved is whether the interest paid by the assessee to the government can be termed as compensatory or penal in nature. In our considered view, the assessee has deducted the tax on behalf of the third party and failed to remit the same within the due date and the interest charged on such amount is only compensatory in nature - AT

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Business expenditure - Interest on late payment of TDS - The ...

April 20, 2022

Case Laws Income Tax AT

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