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Income Tax - Highlights / Catch Notes

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Disallowance of interest on late payment of TDS u/s 37 - As the ...


Interest on Late TDS Payment Not a Penalty, Allowable u/s 37 of Income Tax Act.

October 9, 2023

Case Laws     Income Tax     AT

Disallowance of interest on late payment of TDS u/s 37 - As the case of late payment of TDS is not in the nature of penalty, the same is allowable u/s 37 - AT

 

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