Deduction of expense for interest on tds, fbt & service tax
This query is : Resolved
23 April 2008
Hi, Can anybody plz inform me that how should the Interest paid on delayed deposit of TDS, FBT and Service Tax be shown in books of A/cs i.e can deduction be claimed in that regard or not?
24 April 2008
It is inadmissible exp
24 April 2008
Thanks Shailesh, but i would like to confirm whether interest on all these liabilities is inadmissible or any of them can be treated as business expense?
05 May 2008
interest paid under income tax is inadmissible. means interest on income tax, tds, fbt is inadmissible
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