Deduction of expenses u/s 37(1) - any interest paid on account ...

Taxpayer Can Deduct Interest Paid on Late TDS u/s 37(1) as It's Not Directly Linked to Income Tax.

January 25, 2019

Case Laws Income Tax AT

Deduction of expenses u/s 37(1) - any interest paid on account of late payment of TDS could not be linked to the Income Tax of the assessee and therefore, the deduction thereof was available to the assessee.

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Deduction of expenses u/s 37(1) - any interest paid on account ...

Taxpayer Can Deduct Interest Paid on Late TDS u/s 37(1) as It's Not Directly Linked to Income Tax.

January 25, 2019

Case Laws Income Tax AT

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