Allowable expenses

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Querist : Anonymous

Querist : Anonymous (Querist)

20 March 2014 whether late filing fee on service tax/TDS can claim allowable expense and also provide the treatment of interest on late payment?

Sandeep Dharar (Expert)
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20 March 2014 No it is not an allowable expense, it is not treated as business expenses hence will be disallowed...

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Querist : Anonymous

Querist : Anonymous (Querist)

20 March 2014 Dear sir,

what about interest on late payment of service tax / TDS?

Sandeep Dharar (Expert)
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20 March 2014 Same as described above, it is not business expense. hence fully disallowed..

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