Disallowance on account of interest paid on delayed payment of ...

May 25, 2022

Case Laws Income Tax AT

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

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Disallowance on account of interest paid on delayed payment of ...

May 25, 2022

Case Laws Income Tax AT

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