business expenditure
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 November 2010
whether interest paid on service tax is allowed as expenditure u/s 37 (1) and if yes provide the same with some concrete case law
18 November 2010
It is an allowable expenditure u/s 37(1). Pl see https://www.taxindiaonline.com/RC2/print_story.php?newsid=10324 for the details.
Message likes :
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19 November 2010
Agreed
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