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Income Tax - Highlights / Catch Notes

Home Highlights January 2023 Year 2023 This

Disallowance in respect of interest on delayed deposit of ‘taxes ...


Interest on Late TDS Deposits Not Deductible: Ensures Timely Tax Compliance and Efficient Collection under TDS Provisions.

January 28, 2023

Case Laws     Income Tax     AT

Disallowance in respect of interest on delayed deposit of ‘taxes deducted at source’ (TDS) - Allowing of such interest payment on delayed deposit of TDS as deduction would defeat the very purpose of the TDS provisions ensuring the deduction of taxes from the income of the recipient and the payment/deposit thereof with the central Govt. within the due time. - AT

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